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Press Release

GE Technology to Power Dominion's Cove Point LNG Liquefaction Project in Maryland

April 17, 2013

  • Two GE Frame 7EA Gas Turbines Will Drive GE Compressor Trains
  • Will Become the First LNG Terminal on the U.S. East Coast Capable of Exporting LNG

HOUSTON---April 17, 2013---GE Oil & Gas (NYSE: GE) has received contracts to supply gas compression trains for Dominion's Cove Point Liquefaction Project in Lusby, Md. Adding liquefaction capabilities will transform the existing Cove Point liquefied natural gas (LNG) terminal into the first LNG terminal capable of exporting LNG on the U.S. East Coast.

GE will supply two Frame 7EA DLN1 (Dry Low NOx) gas turbine packages to drive the GE refrigeration compressors. This single-train design will have the capacity to produce approximately 5.25 million metric tons per annum of LNG.

"GE Oil & Gas' gas turbine, compressor and offshore production technologies help drive many of the world's leading LNG projects," said Rafael Santana, president and CEO---turbomachinery for GE Oil & Gas. "This latest project underscores just how important LNG technology is to the natural gas industry as this sector undergoes dramatic new changes driven by an abundance of natural gas."

GE has a proven track record as an innovative provider of mission-critical equipment for the LNG sector. Through continuous and reliable innovation, GE enables its customers to meet industry challenges from the largest LNG train compressors to MicroLNG plants for remote locations.

The technology being supplied to Dominion consists of GE's MS7001 EA industrial gas turbines, which feature DLN technology and provide 86-megawatt ISO shaft power while reducing emissions. GE's Frame 7 DLN accepts a wide range of fuel and has more than 500 units in the DLN fleet.

GE technology leadership in the LNG space is strengthened by its outage excellence, which is the capability to provide highly specialized maintenance services for LNG plants that increase uptime while optimizing operational efficiency.

A recent study commissioned by the U.S. Department of Energy and conducted by NERA Consulting concluded that the U.S. will be a net economic beneficiary from allowing LNG exports with job creation cited as a significant benefit.

GE announced its role in the Dominion Cove Point Liquefaction Project today at the 17th International Conference & Exhibition on Liquefied Natural Gas (LNG-17) being held in Houston, April 16-18, 2013.

Additional information about Dominion Resources and its Cove Point Liquefaction Project may be found on its website at www.dom.com.

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About GE Oil & Gas

GE Oil & Gas is a world leader in advanced technologies and services with 37,000 employees in more than 100 countries supporting customers across the industry---from extraction to transportation to end use. Making the environment, health and safety, quality and integrity our highest priorities is The Way We Work. Our technologies and services include: surface and subsea drilling and production, monitoring and diagnostics, measurement and controls, large-scale LNG, pipeline compression and inspection, well site and industrial power generation, technologies for the refining and petrochemical industries, and modular CNG and LNG units for transportation sectors. Through our customized service solutions, training programs and technologies, GE Oil & Gas partners with customers to maximize their efficiency, productivity and equipment reliability; develop their next generation workforce; and fully benefit from the megatrends of natural gas, the growth of subsea and hard-to-reach reserves and the revolution in asset health management. Follow GE Oil & Gas on Twitter @GE_OilandGas.

Ken Darling
Masto Public Relations
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Kate Culman
Masto Public Relations
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1-518-786-6488

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Masto Public Relations
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Sean Gannon
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Fabio Pianini
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