US investor Warren Buffett, whose Berkshire Hathaway group has a stake in the Cove Point LNG export plant in Maryland and a growing stake in US exploration and production company, Occidental Petroleum, revealed that he had stakes in Japan’s five main trading houses with their widespread energy assets and intended to buy more Japanese shares.
Tokyo Gas, a leading liquefied natural gas importer, plans to issue the first “energy transition” corporate bond by a Japanese city-gas company to help finance three projects, including the Niihama LNG import terminal on Shikoku Island.
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.
Freeport LNG, the project at Quintana Island in Texas led by US energy entrepreneur Michael Smith, has signed a preparatory accord for a future tolling services agreement with Japanese trading house Sumitomo Corp.