LNG

Sumitomo may sell surplus Cove Point LNG

Japan’s Sumitomo plans to sell LNG cargoes from the Cove Point facility in the United States if they are not needed
By Staff reporter 17 April 2018 0 30469

Japan’s Sumitomo plans to sell LNG cargoes from the Cove Point facility in the United States if they are not needed to meet Japanese demand, according to Platts.

Sumitomo holds a contract with Dominion’s Cove Point for 2.3 mtpa of LNG under a 20-year service agreement.

Volumes are split, with 1.4 mtpa available for Tokyo Gas and 800,000 tpa delivered to Kansai Electric Power through Sumitomo subsidiary PSE.

This leaves 100,000 tons of unsold LNG per year, which can be used as a buffer against...