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Lng Facility

All articles tagged with #lng facility

energy2 years ago•1 min saved

Natural Gas Prices Plummet Amidst LNG Facility Delay and Above-Average U.S. Temperatures

Natural gas futures plummeted after news of a delayed completion of a major LNG export facility intensified concerns about a storage glut. The decline was driven by robust production and weak weather-related demand. The front-month natural gas futures contract settled down 14.1 cents at $2.569/MMBtu, while February futures dropped 15.0 cents to $2.517. The spot gas national average also sank 52.5 cents to $3.030.

via Natural Gas Intelligence|

#energy #lng-facility #natural-gas-futures

business2 years ago•1 min saved

Warren Buffett's $3.3 Billion Bet on LNG Facility Signals Confidence in Energy Infrastructure

Berkshire Hathaway Energy, led by Warren Buffett, has acquired a 50% stake in the Cove Point liquefied natural gas (LNG) facility for $3.3 billion in cash from Dominion Energy. This purchase adds to Berkshire's growing investment in energy infrastructure and grants them control over one of the few functional LNG export facilities in the US. The Cove Point LNG Terminal has a storage capacity of 14.6 billion cubic feet and a daily send-out capacity of 1.8 billion cubic feet. Berkshire Hathaway previously bought a stake in Dominion's gas pipeline and storage assets in 2020.

via CNBC|

#berkshire-hathaway #business #dominion-energy

energy2 years ago•0 min saved

Berkshire Hathaway Expands Fossil Fuel Holdings with $3.3 Billion LNG Plant Deal

Berkshire Hathaway's utility and energy division has acquired a 50% stake in the Cove Point liquefied natural gas facility in Maryland for $3 billion, demonstrating the company's confidence in the future of fossil fuels.

via Barron's|

#berkshire-hathaway #cove-point #energy