The first cargo of LNG from the East Coast departed Cove Point terminal on Monday. The terminal makes Dominion Energy the second American company to export LNG, after Cheniere Energy’s Sabine Pass terminal on the Gulf of Mexico became the first operation to export gas back in 2016.
Cove Point’s startup is accelerating America’s emergence as an LNG powerhouse that’s expected to challenge Australia and Qatar for worldwide dominance in the next five years. Three more export terminals may open on the Gulf Coast by 2019.
While Cove Point’s East Coast location could give it an edge in competition for exports to Europe, the first ship may be headed to Asia. The tanker Adam LNG left Cove Point early Monday, bound for the Suez Canal, according to ship tracking data compiled by Bloomberg.
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