Berkshire Hathaway Maryland Cove Point LNG Export Plant Exits Outage
(Reuters) — Berkshire Hathaway Energy said on Tuesday that its Cove Point liquefied natural gas (LNG) export plant in Maryland resumed operations after a three-week maintenance outage.
Data provider Refinitiv said the plant planned to take in about 0.7 billion cubic feet per day (bcfd) of natural gas on Tuesday.
The return of Cove Point should enable the United States to raise LNG exports as utilities around the world scramble to boost supplies ahead of the winter heating season when demand for gas peaks.
Some industries in Europe and Asia have already shut or reduced manufacturing activities because they could not get enough oil and gas to run their operations or the price of that fuel was too expensive.
During the three weeks that Cove Point was shut, the amount of pipeline gas flowing to U.S. export plants fell to around 10.1 bcfd from about 10.5 bcfd during the prior 30 days.
Cove Point is designed to liquefy about 0.75 bcfd of gas into LNG.
One billion cubic feet is enough to supply about 5 million U.S. homes for a day.
The timing of Cove Point's outage was in line with its 2018, 2019 and 2020 annual maintenance shutdowns.
Berkshire Hathaway Inc's Berkshire Hathaway Energy operates Cove Point and owns 25% of the facility. The rest is owned by units of Dominion Energy Inc (50%) and Brookfield Asset Management Inc (25%).
When Dominion operated the plant it sold the project's capacity for 20 years to a subsidiary of GAIL (India) Ltd and to ST Cove Point, which is a joint venture between units of Japanese trading company Sumitomo Corp and Tokyo Gas Co Ltd.
Related News
- 2024 Midstream Winners Honored at Gulf Energy Information Excellence Awards Gala in Houston
- East Timor Discusses Gas Pipeline Development with Sinopec, Other Chinese Firms Over Stalled Multi-Billion Gas Project
- Woodside Completes $1.2 Billion Acquisition of Tellurian, Renaming Driftwood LNG to Woodside Louisiana LNG
Related News
- Texas Waha Hub Gas Prices Plunge to Record Lows, Hit Negative Territory
- U.S. Appeals Court Strikes Down Controversial Biden Pipeline Safety Rules
- Williams Seeks Emergency Certificate to Operate $1 Billion Mid-Atlantic Gas Pipeline After Court Reversal
- Texas Oil Pipelines Near Max Capacity, Threatening Future Export Limits
- Energy Transfer Subsidiary Selects KTJV for Lake Charles LNG Export Project
- Saudi Arabia Looking to Expand Pipeline to Reduce Oil Exports via Gulf
- Report: Houston Region Poised to Become a Global Clean Hydrogen Hub
- Texas Startup Endeavors Again to Build First Major U.S. Oil Refinery Since 1977
- Puerto Bahia, Gasco to Build Liquefied Petroleum Gas Facility in Cartagena, Colombia
- Ukraine Approves $20 Billion Plan to Boost Renewable Energy to 27% by 2030
Comments