Dominion Energy’s Cove Point LNG project in the US is due to start exports, which will add to an already oversupplied market.
The plant, which is expected to dispatch its maiden shipment in December, is the second export project on the US east coast after Sabine Pass. Four trains with a combined export capacity of 18 mtpa are already operational at Sabine Pass, and Cove Point will add just over 6 mtpa of capacity. The export capacity of the US is set to massively increase over the coming years – the country is building around 72 mtpa of additional capacity, most of which is expected to come online by 2022. This includes projects such as Corpus Christi, Freeport and Cameron.