Berkshire Hathaway Energy completes acquisition of additional Cove Point LNG stake

Berkshire Hathaway Energy has completed a $3.3-billion deal to acquire Dominion Energy’s 50% limited partnership stake in Cove Point LNG LP, 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 natural gas liquefaction plant in Lusby, Md. A subsidiary of Brookfield Infrastructure Partners holds the remaining 25% limited partnership interest in Cove Point LNG LP.

The Cove Point LNG plant has a storage capacity of 14.6 bcf and a daily send-out capacity of 1.8 bcf, according to BHE GT&S. The terminal connects, via its own pipeline, to the major Mid-Atlantic gas transmission systems of Transcontinental Gas Pipeline, Columbia Gas Transmission, and Eastern Gas Transmission and Storage.

The deal was announced in July, and closed Sept. 1.