Tokyo Gas Gets First Cove Point Cargo

Tokyo Gas May 21 received the first cargo of LNG produced at Dominion Energy’s Cove Point LNG project in Maryland, US at its Negishi LNG terminal, it said the same day.

The LNG cargo of 70,000 metric tons arrived on vessel LNG Sakura. Tokyo Gas has a contract to buy 1.4mn mt/yr of LNG for 20 years from Cove Point. The Japanese utility now has long-term contract with 13 projects in six countries, it said.

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Cove Point commenced exports in April this year. The Cove Point LNG liquefaction and export terminal is designed to process 750mn ft³/d (7.75bn m³/yr) of natural gas from a single liquefaction train. It will use the import terminal’s seven existing storage tanks, which have a total capacity of 14.6bn ft³. 

ST Cove Point, a joint venture of Japan's Sumitomo Corporation and Tokyo Gas, and Gail Global (USA) LNG, a US affiliate of India's Gail, have each contracted for half of the marketed capacity.

LNG Sakura is the first vessel to be co-owned between Japanese shipowner NYK (30%) and Japanese utility Kansai Electric Power (70%). Sakura means cherry blossom in Japanese.