Dominion Cove Point LNG Now 38% Built, Rapid Progress Continues
At last check in March of this year, Dominion’s Cove Point LNG export facility, being built in Maryland, was 24% done (see Cove Point LNG Export Plant Now 24% Complete, Rapid Progress). We’re not three months later and that number is now 38% done. No wonder the odious Sierra Club and other Big Green groups are trying so hard to block work on it! Dominion just filed a monthly status and progress report (full copy below) for Cove Point and they report the facility is 38% built. They also report the engineering is about done (99.8% complete) and equipment purchases are also done (99% complete). This is refreshingly good news. There is nothing stopping the facility now…
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The Sierra Club is one of the worst, most radical Big Green groups in existence. We sincerely hope you never give them a penny of your money. They don’t care a whit about the environment–they only care about feeding the beast, money for their own organization. One way to do that is to keep your name in the news constantly. And a way to do that is by filing frivolous lawsuits. The Sierra Club has been railing against the Cove Point LNG export facility being built by Dominion for years (see 
LNG, or liquefied natural gas, is an increasingly important part of the natural gas ecosystem in the U.S. We’ve imported natgas for years–and we’re not beginning to export it as well. Each month the U.S. Dept. of Energy issues a report tabulating both imports and exports of LNG–who shipped it in and out, from where, and how much. It’s a good picture. The April report was recently released (takes a few months before the number crunchers are done). What do we find in the latest report (full copy below)? We find that the U.S. imported 34.8 billion cubic feet (Bcf) of natural gas in the first four months of the year–all of it from Trinidad. We exported 28.9 Bcf during the same period. The vast majority of exports were from Cheniere’s Sabine Pass terminal in Louisiana, although a small amount of LNG was exported from American LNG’s export facility in Miami, Florida…
For some time now we’ve had our eye on Bear Head LNG, a $2.2 billion LNG export project proposed by Australian company Liquefied Natural Gas Limited (LNGL), to be built in Nova Scotia, Canada. In August 2015 the Canadian National Energy Board (NEB) approved LNG exports for the project. In February of this year the U.S. Dept. of Energy also gave its blessing, because the gas it will export will largely come from the Marcellus/Utica region (see 
In 2013, Dominion announced a 20-year deal to export 100% of the output from their planned Cove Point, MD LNG plant. All of the Marcellus gas from Cove Point will get exported to both India and Japan (see 
MDN has covered, endlessly, the story of opposition to any kind of pipeline in New England. That opposition is largely responsible for Kinder Morgan throwing in the towel on their planned Tennessee Gas Pipeline extension called Northeast Energy Direct, or NED (see 
When did it become “vindictive” to prosecute criminals? That’s what we’re supposed to believe about the prosecution of a radicalized, anti-fossil fuel environmentalist who was just, after nearly one and a half years, sentenced to serve 15 days in jail for lying, falsely claiming local police assaulted her. In February 2015 Heather Doyle, a radical “activist” climbed a crane at the Dominion Cove Point LNG export facility to hang a banner that said, “Dominion get out. Don’t frack Maryland. No gas exports. Save Cove Point.” It’s bad enough that she endangered herself along with another activist who aided her. She also endangered rescue workers and police who had to remove her from the crane. Then Doyle lied to the police and claimed Calvert County Sheriff’s Office deputies assaulted her as they were removing her from the crane SHE climbed up. That’s a very serious charge–especially in this day and age. The police investigated and discovered she was lying, so the District Attorney pressed charges. And it took this long for the case to play out. On May 27, Judge Marjorie Clagett of the Calvert County Circuit Court sentenced Doyle to three months in jail, with all but 15 days suspended, 240 hours of community service, two years of supervised probation, and $165 in court costs. It ain’t much, but it’s a little bit of justice against radicals who frequently break the law in a misguided attempt to protest fossil fuels…
Fitch Ratings, one of the world’s top ratings services (rates stocks, bonds and more), issued a press release/opinion on Friday that tackles the issue of LNG (liquefied natural gas) and how the LNG market is rapidly and radically changing because of U.S. shale gas. Historically the price for LNG and oil have been linked. When the price of oil goes up or down, so too does LNG. But that’s now changing, because of the super abundance of U.S. shale gas. Fitch points out that with the U.S. now in the LNG export game, the link between LNG, natural gas and oil has “weakened.” They also say the U.S. natural gas market is “too big and too well supplied” for LNG exports to affect natgas prices here at home. In other words, we can export all of the LNG we want and it still won’t raise the domestic price of natural gas for consumers…
Carl Icahn is an evil corporate raider–a man who invests just enough in companies to control them, who then fires a bunch of people and sells off assets so the price of the stock will rise from his initial investment so he can turn around and sell the stock and screw another company. That’s what evil corporate raiders do. Icahn has lately spent his time in the oil and gas industry making trouble. Last December he fired the CEO of Cheneire Energy, Charif Souki (see 
Radical environmentalists from groups like the Sierra Club, Chesapeake Climate Action Network and Earthjustice continue a full court press to try and stop Dominion’s Cove Point LNG (liquefied natural gas) export facility, currently under construction (more than a quarter done) along the coast of Maryland. These groups coordinate and collude to try and deny a single, legitimate business–Dominion–the right to conduct business. Sounds like something out of Stalin’s Russia or Hitler’s Germany–but no. It’s right here in the US of A. Here’s the radical’s strategy in a nutshell–throw as much feces against the wall as you can, and hope that some of it sticks. One pile of feces they’ve thrown is to file multiple lawsuits, in various courts (see 
How low can world LNG prices go? One of the potentially important markets for U.S. LNG is Japan. Historically when drillers would get $3-$4 per thousand cubic feet (Mcf) here at home, they could easily get $8 or more per Mcf in Japan–if they could just get the gas loaded onto ships and get it there. Hence facilities being built like Dominion’s Cove Point, Maryland, which export gas to Japan (and India). But something happened on the way to the LNG party. Last December Platts reported LNG deliveries to Japan and Korea were fetching $7.40/Mcf (see