Berkshire Hathaway Energy Cove Point in Maryland LNG export plant is back in service
According to a notice sent to customers by the company and data provided by financial firm LSEG, on October 13, U.S. energy giant Berkshire Hathaway Energy’s Cove Point liquefied gas export plant (LNG) in Maryland resumed service after a planned maintenance outage.
The LSEG data revealed that the amount of natural gases flowing into the plant after it shut down around September 20 rose from zero to 0.9 billion cubic feet per day (bcfd), on October 12.
The plant is capable of converting 0.8 bcfd into LNG. The plants often use more gas to operate their equipment than they can convert into LNG.
A billion cubic feet of gas is enough to power about five million U.S. households for one day.
U.S. LNG plants usually shut down for planned maintenance during spring or autumn, when the global demand for gas to heat or cool is lower than in winter or summer.
Berkshire Hathaway Energy, a subsidiary of the U.S. multinational Berkshire Hathaway conglomerate.
Berkshire Hathaway Energy owns and operates Cove Point, while Berkshire Hathaway Energy also operates the facility. The remaining 25% of the facility is owned by Brookfield Asset Management.
Cove Point sells its LNG under agreements of 20 years to GAIL (India), a subsidiary of the Japanese trading company Sumitomo, and ST Cove Point. ST Cove Point is a joint-venture between Sumitomo Trading and Tokyo Gas. (Reporting from Scott DiSavino, New York; editing by Kirby Donovan).
(source: Reuters)