Dominion Energy, the US utility and former operator of the Cove Point LNG export plant in Maryland, has signed a definitive agreement to sell Questar Pipelines to Southwest Gas Holdings in a transaction valued at $1.97 billion after a previous sale to Warren Buffet’s Berkshire Hathaway Energy was cancelled.
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.
The Indian government will consider a proposal this month to spin off the natural gas pipeline business owned by state-run Gas Authority of India to give more momentum to the expansion of a city-gas network and connections to existing and planned LNG import terminals.