Marcellus Ethane will Head to India Aboard 6 New Japanese Ships

You may recall that all of the LNG (liquefied natural gas) that will be produced at the under construction export facility in Cove Point, Maryland will be sold to two countries: Japan and India (see Dominion’s Cove Point LNG Facility Achieves Important Milestones). Japan and India are teaming up again–but this time it’s for America’s ethane instead of methane. Reliance Industries Ltd., India’s single largest company of any kind (conglomerate that includes oil and gas drilling) has ordered up 6 Very Large Ethane Carriers (VLECs) for an undisclosed sum from Japanese company Mitsui. The VLEC ships will transport some 1.5 million tons of ethane per year to India, where it will be used to feed Indian ethane cracker plants. Since RIL has two joint ventures in the Marcellus, it’s a safe bet that some of that exported ethane will be coming from the Marcellus…

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