Berkshire Hathaway Energy completes acquisition of additional stake in Cove Point LNG
Published by Poppy Clements,
Assistant Editor
Hydrocarbon Engineering,
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/
You might also like
Hydrocarbon Engineering Podcast
Mike Logue, Owens Corning Global Business Director – Mechanical Insulation, delves into factors that can support the performance, safety and longevity of insulating systems installed in hydrocarbon processing environments, including cryogenic facilities.
Woodside signs gas supply agreement for Louisiana LNG
Woodside has signed an agreement with bp for the integrated energy major to supply natural gas to the Louisiana LNG project.
