Berkshire Hathaway’s unit wraps up Cove Point LNG maintenance

The Cove Point LNG facility in Maryland, operated by Berkshire Hathaway’s unit BHE GT&S, has completed its annual maintenance.

BHE GT&S said in a notice that the “Cove Point liquefaction facility annual maintenance is complete” and effective October 12.

The operator announced the start of planned maintenance on September 20, without revaling how long it will last.

Last year, the plant’s maintenance took place from October 1 to October 28.

Warren Buffett’s Berkshire Hathaway Energy recently completed the previously announced $3.3 billion deal with Dominion Energy, boosting its stake in the Cove Point LNG terminal.

Dominion sold its 50 percent noncontrolling limited partner interest in Cove Point LNG, to Berkshire Hathaway Energy, which operates the facility and owns a 100 percent general partner and 25 percent limited partner interest.

Berkshire Hathaway Energy, via BHE GT&S, now has a total ownership interest of 75 percent.

A subsidiary of Brookfield Infrastructure Partners holds the remaining 25 percent limited partnership interest in Cove Point LNG.

The plant has a storage capacity of 14.6 billion cubic feet and a daily sendout capacity of 1.8 bcf, or about 5.25 million tons of LNG per year coming from one liquefaction unit.

Last year, the Cove Point LNG plant shipped its 300th cargo since it started commercial liquefaction operations in April 2018.

The Cove Point facility produces LNG for ST Cove Point, a joint venture of Japan’s Sumitomo Corporation and Tokyo Gas, and for India’s Gail under 20-year contracts.

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