Berkshire Hathaway Energy completes acquisition of additional stake in Cove Point LNG

The ownership interest is held within BHE GT&S, LLC, a Berkshire Hathaway Energy business unit.

A subsidiary of BHE GT&S is the general partner and operator of the Cove Point natural gas pipeline and its LNG terminal located in Lusby, Maryland, US. A subsidiary of Brookfield Infrastructure Partners holds the remaining 25% limited partnership interest in Cove Point LNG, LP.

On 10 July 2023, Berkshire Hathaway Energy announced that it had reached an agreement to acquire Dominion Energy’s limited partnership interest in Cove Point LNG, LP, for cash consideration of US$3.3 billion. Following satisfaction of all conditions, the transaction closed on 1 September 2023.

Paul Ruppert, president of BHE GT&S, said: “We are pleased for this opportunity to own a greater stake in the Cove Point LNG business. BHE GT&S will continue its excellent operating and commercial performance at Cove Point, which plays an important role in Berkshire Hathaway Energy’s delivery of clean, low-cost and sustainable energy solutions to customers and communities.”

Read the article online at: https://www.hydrocarbonengineering.com/gas-processing/04092023/berkshire-hathaway-energy-completes-acquisition-of-additional-stake-in-cove-point-lng/