US Cove Point LNG shareholder Dominion closes $2bln sale of Questar Pipelines to Southwest Gas
Dominion Energy, a shareholder in the Cove Point LNG export plant in Maryland supplying Asia and Europe, has closed the sale of Questar Pipelines to Southwest Gas Holdings Inc. in a transaction valued at almost $2 billion, including the assumption of $430M of existing debt.
GAIL has rating cut
June 9 (LNGJ) - The Indian LNG importer, Gas Authority of India, has had its credit rating cut by US agency Moody’s Investors Service by one notch from “Baa2” to “Baa3”. Indian pipeline network operator GAIL is also tolling contract holder at the Cove Point LNG export plant in the US state of Maryland.
“The revision in the credit rating was done as Moody’s has revised the rating of various Government-related issuers, including that of GAIL (India) Limited in line with the revision of India’s sovereign rating from ‘Baa2’ to ‘Baa3’ by Moody’s,” said GAIL in a statement.
