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Dominion Cove Point Pier Reinforcement Project

To accommodate its customers and the recent advances in LNG ship technology, Dominion Cove Point LNG has upgraded its existing offshore pier to enable the safe docking, off-loading, and departure from the pier of larger-sized LNG vessels now coming into service worldwide.

The pier modifications provide greater flexibility for LNG shippers to acquire and schedule LNG cargoes from a variety of supply sources, and provide American consumers with greater access to worldwide supplies of LNG. An adequate supply of natural gas from LNG delivered to Cove Point can help stabilize energy costs for homes and businesses in the Mid Atlantic and the Northeast United States. This project also enables Dominion Cove Point to compete more effectively for LNG supplies and remain competitive with similar terminals throughout the world.

The modifications now allow Dominion Cove Point to receive vessels carrying cargoes of up to 267,000 cubic meters. The previous maximum capacity was 148,000 cubic meters. To the extent that Dominion Cove Point shippers opt to use the larger vessels, they can deliver comparable quantities of LNG using fewer ships; however, even after the pier reinforcement, the terminal is capable of receiving the types of ships that were in use prior to the project.

The Pier Reinforcement Project resulted in:

  • The addition of new breasting and mooring dolphins (the dolphins are the structural features, inclusive of support pilings in the water, needed for the breasting panels and mooring hooks).
  • Addition of about 150 feet to each end of the existing offshore platform.
  • Service platform modifications.
  • Minimal dredging around the platform.
  • Upgrading the docking control system.

The current unloading rates of the Cove Point Terminal, as listed in DCP’s FERC Gas Tariff Sheet, are an average of 10,200 cubic meters per hour and a maximum of 12,000 cubic meters per hour. The unloading rates have not changed with this project.

Construction Schedule

Construction commenced in March 2010 and the project was completed and in service in January 2011.

NYSE : (February 3, 2012) D 50.38 -0.13

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