State-owned gas utility GAIL India Ltd on Monday said it has booked half of the 4.6 million tonne of LNG production capacity at Cove Point LNG project at Lusby in Maryland, US. GAIL Global (USA) LNG LLC, a US affiliate of GAIL (India) Ltd, signed a 20-year terminal service agreement with Dominion. Resources Inc to book 2.3 million tonne per annum liquefaction capacity in the Cove Point LNG project, the two companies announced on Monday.
Dominion plans to start construction on the 5.25 million tonne per annum facility in 2014 and put the liquefaction facilities in service in 2017. Cove point will be a premier facility in terms of direct access to the Marcellus and Utica Shale plays, two of the most prolific shale gas basins in North America.Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
