Berkshire Hathaway Successfully Acquires Dominion Energy’s 50% Stake in Cove Point LNG
(P&GJ) — Berkshire Hathaway Energy today announced it has completed the purchase of Dominion Energy’s 50% limited partnership stake in the Cove Point LNG, LP business, resulting in a total ownership interest of 75%. The ownership interest is held within BHE GT&S, LLC, a Berkshire Hathaway Energy business unit.
A subsidiary of BHE GT&S is the general partner and operator of the Cove Point natural gas pipeline and its liquefied natural gas terminal located in Lusby, Maryland. A subsidiary of Brookfield Infrastructure Partners holds the remaining 25% limited partnership interest in Cove Point LNG, LP.
In July, Berkshire Hathaway Energy announced that it had reached an agreement to acquire Dominion Energy’s limited partnership interest in Cove Point LNG, LP, for cash consideration of $3.3 billion. Following satisfaction of all conditions, the transaction closed September 1, 2023.
“We are pleased for this opportunity to own a greater stake in the Cove Point LNG business,” Paul Ruppert, president of BHE GT&S, said. “BHE GT&S will continue its excellent operating and commercial performance at Cove Point, which plays an important role in Berkshire Hathaway Energy’s delivery of clean, low-cost and sustainable energy solutions to customers and communities.”
Related News
Related News

- Poland Detects Leak in Russia's Druzhba Oil Pipeline
- Magellan Midstream Approves $18.8 Billion Sale to ONEOK, Creating Major U.S. Pipeline Player
- Energy Transfer to Buy Crestwood in $7.1 Billion Pipeline Deal
- DT Midstream Successfully Completes Phase 1 LEAP Expansion Ahead of Schedule
- South Dakota Denies Permit for Summit Carbon Solutions' 495-Mile CO2 Pipeline Segment
- Canada Looking to Sell Trans Mountain Pipeline Stake to Indigenous Groups
- Energy Transfer to Buy Crestwood in $7.1 Billion Pipeline Deal
- Criteria to Consider in Selecting Water Transfer Flow Meters
- US Energy Firm Payouts to Oil Investors Top Exploration Spending for First Time
- DT Midstream Successfully Completes Phase 1 LEAP Expansion Ahead of Schedule
Comments