LNG

Dominion Energy, the US company that started the Cove Point LNG export plant in Maryland and now focused on renewables, has closed the sale for around US$6.6 billion of the Ohio natural gas utility, East Ohio Gas Co, to Canadian pipelines and energy company Enbridge Inc.

Jan 18 (LNGJ) - The Singapore-flagged “BW Pavilion Aranda” with 173,400 cubic metres of capacity was discharging a cargo on January 18 at the UK Isle of Grain LNG import terminal. The facility is located on the Medway River southeast of London and is operated by National Grid plc. The cargo was lifted on January 6 from the US Cove Point export plant at Chesapeake Bay in Maryland.

Dominion Energy, the US utility and former operator of the Cove Point LNG export plant in Maryland, has agreed to terminate the planned sale of Questar Pipelines to the Warren Buffet company Berkshire Hathaway Energy.

Dominion Energy’s Cove Point LNG export plant at Chesapeake Bay in Maryland has been closed for about three weeks for its annual maintenance and when it comes back on stream it will be closer to coming under the control of US investor Warren Buffett.

Dominion Energy, operator of the Cove Point liquefied natural gas plant in Maryland, has agreed a transaction valued at $9.7 billion to sell its gas transmission and gas storage assets to Berkshire Hathaway Energy owned by US investor Warren Buffett, including a 25 percent stake in Cove Point and its operatorship.

Dominion Energy has closed its acquisition of Pivotal LNG from the utility, Southern Company, to enter the small-scale market for deliveries by containers, trucks and to be a supplier to the maritime fuel market.

Dominion Energy, the developer of the Cove Point LNG export plant in Maryland, reported fourth-quarter earnings of $1.1 billion compared with $641 million for the same period in 2018.

Dec 23 (LNGJ) - Dominion Energy of the US said it completed the sale for $2.1 billion of a 25 percent non-controlling stake in Cove Point LNG in Maryland to Brookfield Super-Core Infrastructure Partners, a fund managed by Brookfield Asset Management Inc. of Canada.

Dominion’s Cove Point LNG unit owns the liquefaction plant and storage facilities located on the western shore of Chesapeake Bay as well as a 136-mile pipeline that interconnects the facility with the inter-state pipeline system.

Dominion Energy, the US East Coast-based utility and pipeline company, said Cove Point LNG export plant on Chesapeake Bay in Maryland has shipped its 100th commercial cargo since starting up 18 months ago.

Canadian equity fund Brookfield Asset Management has purchased a 25 percent stake in Dominion Energy Cove Point LNG, the single-Train Maryland plant holding tolling agreements with Indian and Japanese companies. The transaction shows the growing value of US liquefaction and export facilities.