Saturday, February 4 2023 Sign In   |    Register
 

News Quick Search


 

News


Front Page
Power News
Gas News
Today's News
Yesterday's News
Week of Jan 30
Week of Jan 23
Week of Jan 16
Week of Jan 09
Week of Jan 02
By Topic
By News Partner
News Customization
Feedback

 

Pro Plus(+)


Add on products to your professional subscription.
  • Energy Archive News
  •  



    Home > News > Gas News > News Article

    Share by Email E-mail Printer Friendly Print

    Dominion Energy mulls divesting stake in Cove Point LNG project.


    November 11, 2022 - NS Energy

     

      Dominion Energy is reportedly considering the sale of its half stake in the Cove Point LNG project, a gas liquefaction unit in Lusby, MD, US. With this, the firm is engaging with advisers to seek interest from infrastructure funds and other possible suitors, according to Bloomberg News. Dominion Energy's stake in the liquefied natural gas (LNG) facility in the Chesapeake Bay could have multibillion-dollar value. At present, talks about the stake sale are at an initial phase, and Dominion Energy may still decide to retain the half stake. The Cove Point LNG project is run by Berkshire Hathaway's BHE GT&S, which holds a 25% stake. The remaining 25% stake is owned by Brookfield Asset Management. The project is said to be the first such unit on the US East Coast. It has a storage capacity of 14.6 bn cubic feet (BCF) and daily send-out capacity of 1.8 BCF. Original Source: NS Energy, http://www.nsenergybusiness.com">http://www.nsenergybusiness.com.

    TOP

    Other Articles - Utility Business / General


    TOP

       Home  -  Feedback  -  Contact Us  -  Safe Sender  -  About Energy Central   
    Copyright © 1996-2023 by CyberTech, Inc. All rights reserved.
    Energy Central® and Energy Central Professional® are registered trademarks of CyberTech, Incorporated. Data and information is provided for informational purposes only, and is not intended for trading purposes. CyberTech does not warrant that the information or services of Energy Central will meet any specific requirements; nor will it be error free or uninterrupted; nor shall CyberTech be liable for any indirect, incidental or consequential damages (including lost data, information or profits) sustained or incurred in connection with the use of, operation of, or inability to use Energy Central. Other terms of use may apply. Membership information is confidential and subject to our privacy agreement.