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Cove Point

US Energy Dept OKs Cove Point LNG Export

Cove Point Terminal (Photo: Dominion)

The U.S. Energy Department said Thursday it has given the final approval for Dominion Resources to export liquefied natural gas (LNG) from its Cove Point, Maryland plant.   The Cove Point plant is investing $3.8 billion in new infrastructure to ship up to 0.77 billion cubic feet of LNG starting late in 2017 to countries with which the United States does not have free trade agreements.   The DOE said it conducted "an extensive careful review" of Dominion's applications and considered the economic, energy security and environmental impacts of the plant before approving the Cove Point shipments for 20 years.   Some environmentalists have fought Cove Point, believing the LNG trade would increase pollution from fracking in the United States. Others support greater development of natural gas as a replacement for coal.   The Sierra Club and several other green groups on Thursday filed suit in the District of Columbia Circuit court over a recent decision by the Federal Energy Regulatory Commission to approve the terminal.   Cove Point needs approval from both federal agencies.     (Reporting by Timothy Gardner; Editing by Andrew Hay and Bernadette Baum)


US Expects East Coast LNG in 4Q 2017

Photo: U.S. Energy Information Administration

 Dominion Energy has announced that the 750 million cubic feet per day (MMcf/d) Cove Point Liquefaction Project is in its final stages of construction, confirming with EIA that it is 95% complete as of August 2 and expected to be in-service in the fourth quarter of 2017.    Located on the Chesapeake Bay in Lusby, Maryland, it will be the second large-scale liquefaction export facility to begin operations in the Lower 48 states and the first on the East Coast


Chesapeake Bay Enforces Safety and Security Zone

The U.S. Coast Guard is making permanent its current temporary safety and security zones at the Cove Point Liquefied Natural Gas (LNG) Terminal on Chesapeake Bay. Source: HK Law


Vessels: The Ghosts of Cove Point Vanish

It was the late 1970s and El Paso Energy ran a liquefied natural gas (LNG) terminal known as Cove Point in the heart of the Chesapeake Bay — midway between the East Coast ports of Baltimore, Md. and Hampton Roads, Va. As the demand for gas waned, the terminal ceased operations after only two years, and it sat dormant for nearly two decades. Today the market for LNG is rising fast, with positive ripple effects being felt across the maritime niche


US Finalizes Overhaul of Natural Gas Export Reviews

The U.S. Energy Department has finalized a plan to revamp its process for approving liquefied natural gas exports, and as originally proposed the changes eliminate conditional approvals for LNG projects. Beginning Thursday, the department will only issue final rulings on whether exports are in the public interest after the Federal Energy Regulatory Commission, or another authorized agency, has completed an environmental review of the project.


GAIL Postpones $7-bn LNG Ship Tender, Again

Image: GAIL India

 GAIL India has deferred a USD 7-billion tender for hiring nine newly-built ships to ferry liquefied natural gas (LNG) from the US by one month. Bids for the tender were to close on February 29 but now have been extended to March 31.   The state gas utility is seeking 9 LNG ships of cargo capacity of 1,50,000-1,80,000 cubic metres to help transport LNG it has tied up from Sabine Pass and Cove Point LNG projects in the US, with supplies slated to start from December 2017. 


Weaver's Cove Offers Plan for LNG Shipments

Weaver's Cove Energy plans to use liquefied natural gas transports that are even smaller than the second set of vessels it specified in recent updates to its proposal to operate an LNG plant on the Taunton River and newer, stronger tug boats to guide them, the company said. According to South Coast Today, more LNG tankers, however, will sail to Fall River under the change because of the lower capacity of the vessels and because tankers once earmarked to go to a proposed Providence terminal


Coast Guard Finds Weaver Cove LNG Terminal Waterway Unsuitable

The Coast Guard announced its determination that the waterway approach to the proposed Weaver's Cove Liquefied Natural Gas terminal in Fall River, Mass., is unsuitable for LNG tanker traffic due to navigational safety challenges. In his letter of recommendation, the Captain of the Port and Commander of Coast Guard Sector Southeastern New England, Capt. Roy Nash, said that a segment of the transit route extending from Sandy Point to the Weaver's Cove site


This Day in Coast Guard History – April 26

1898- During the Spanish-American War, Morrill, Hudson, and Hamilton, formerly Revenue Cutters and recently armed for service in the so-called "Mosquito Fleet," passed through Hampton Roads and after asking formal permission of the Commodore, proceeded to Key West.  From that point they joint the Navy ship's of the Cuban blockading fleet. 1899-On April 26, the Revenue Cutter Service signed a lease with two prominent Baltimore landowners for 36 acres of farmland surrounding


Oregon County Mulls LNG Terminal Ban

File Image (CREDIT: AdobeStock / (c) Fotmart)

A coastal Oregon county will vote Tuesday on a ballot measure to block a proposed natural gas terminal, the latest in a series of efforts to thwart energy projects across the Pacific Northwest.   The measure would ban transport of fossil fuels not intended for local use through Coos County, located about 200 miles (322 kms) south of Portland.   Backers have called the initiative a response to a $7.6 billion proposal by Calgary-based Veresen Inc


Baltic Index Up On Firmer Rates for Panamaxes, Smaller Vessels

File photo: Star Bulk

The Baltic Exchange's main sea freight index, tracking rates for ships carrying dry bulk commodities, inched higher on Monday, hitting a fresh nearly three-year high as rates for panamaxes and smaller vessels increased. The overall index, which factors in rates for capesize, panamax


Capesize Rates Lift Baltic Index near Three-year High

(File photo: Songa Bulk)

The Baltic Exchange's main sea freight index, tracking rates for ships carrying dry bulk commodities, hovered near a three-year high, supported by robust rates for capesize vessels. The overall index, which factors in rates for capesize, panamax, supramax and handysize shipping vessels


Baltic Index Extends Gaining Streak

© Viktoriya Kundeus / Adobe Stock

Baltic Exchange's main sea freight index, tracking rates for ships carrying dry bulk commodities, rose for a sixth consecutive session, helped by stronger rates for capesize and smaller vessels. The overall index, which factors in rates for capesize, panamax


Baltic Index Hits More Than 3-year High on Strong Capesize Rates

© lidian neeleman / Adobe Stock

The Baltic Exchange's main sea freight index, tracking rates for ships carrying dry bulk commodities, rose to its highest in three-and-a-half years on Friday, boosted by strong capesize rates. The overall index, which factors in rates for capesize, panamax


Baltic Index Edges Higher on Firmer Capesize Vessel Rates

File photo: Star Bulk

The Baltic Exchange's main sea freight index, tracking rates for ships carrying dry bulk commodities, inched up on Friday, after declining for three-consecutive sessions, as rates for capesize vessels gained. The overall index — which factors in rates for capesize, panamax


Baltic Index Inches Down on Capesize, Panamax Rates

File Image: CREDIT FedNav

The Baltic Exchange's main sea freight index, tracking rates for ships carrying dry bulk commodities, edged down on Tuesday on lower rates across larger vessel segments.   The overall index — which factors in rates for capesize, panamax


Baltic Index Falls on Weaker Vessel Demand

© ArchonCodex / Adobe Stock

The Baltic Exchange's main sea freight index, tracking rates for ships carrying dry bulk commodities, fell on Wednesday due to weaker demand for larger vessels. The overall index — which factors in rates for capesize, panamax, supramax and handysize shipping vessels — was down 22


Baltic Index Slips on Weaker Capesize Sector

File Image (CREDIT: AdobeStock / (c) Lidian Neeleman)

The Baltic Exchange's main sea freight index, tracking rates for ships carrying dry bulk commodities, fell slightly on Friday, dragged down by lower rates for capesize vessels.   The overall index, which factors in rates for capesize, panamax, supramax and handysize shipping vessels


Baltic Index Posts Best Day in Three Weeks

© Volodymyr Kyrylyuk / Adobe Stock

The Baltic Exchange's main sea freight index, which tracks rates of ships carrying dry bulk commodities, posted its best day in nearly three weeks on Tuesday, helped by higher rates for all vessel types.   The index, which factors in rates for capesize, panamax


Baltic Index Gains Nearly 3 Percent

© Evren Kalinbacak / Adobe Stock

The Baltic Exchange's main sea freight index rose nearly 3 percent on Wednesday to post its biggest percentage rise in three weeks as rates for all vessel segments perked up. The overall index tracking rates for ships carrying dry bulk commodities was up 35 points at 1,250 points.


Baltic Index Hits Near 5-month High On Improving Vessel Rates

© Gang / Adobe Stock

The Baltic Exchange's main sea freight index, tracking rates for ships carrying dry bulk commodities, touched a near 5-month high on Thursday, driven by stronger demand across vessel segments. The overall index, which factors in rates for capesize, panamax


Baltic Index Hits near 3-year High

© Valentin Kundeus / Adobe Stock

The Baltic Exchange's main sea freight index, tracking rates for ships carrying dry bulk commodities, touched a near three-year high on Monday, supported by higher rates across all vessel segments.   The overall index, which factors in rates for capesize, panamax


Baltic Index Eases From Near Three-Year High

File Image (CREDIT: AdobeStock / (c) Lucasz Z)

The Baltic Exchange's main sea freight index, tracking rates for ships carrying dry bulk commodities, snapped a six-day winning streak on Tuesday, weighed down by weaker rates for capesize vessels.   The overall index, which factors in rates for capesize, panamax


Baltic Index Edges Lower on Weaker Capesize Rates

(File photo: Star Bulk)

The Baltic Exchange's main sea freight index, tracking rates for ships carrying dry bulk commodities, slipped on Wednesday as rates for capesize vessels fell. The overall index, which factors in rates for capesize, panamax, supramax and handysize shipping vessels, fell 7 points or 0


Baltic Index Near Fresh 3-year High

© Amarinj / Adobe Stock

The Baltic Exchange's main sea freight index, tracking rates for ships carrying dry bulk commodities, touched a fresh near three-year high on Thursday, supported by firmer rates across vessel segments. The overall index — which factors in rates for capesize, panamax






 
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