Category: LNG
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Canada’s 40B LNG Investment
Canada, being one of the world’s largest producers of natural gas, does not have the infrastructure to export it overseas. LNG Canada aims to become a major source of liquefied natural gas (LNG) for export. So, this project involves building a terminal and pipeline to transport the gas from the source to the terminal, where…
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Berkshire buys…
https://www.businesswire.com/news/home/20230710023048/en/Berkshire-Hathaway-Energy-Announces-Purchase-of-Additional-Stake-in-Cove-Point-LNG?s=03 Berkshire Hathaway first bought a stake in Dominion’s gas pipeline and storage assets for $4 billion in 2020 and just announced 50% stake in the Cove Point liquefied natural gas facility for $3.3 billion in cash. BRK.A now owns a 75% limited partnership stake in Cove Point LNG located in Lusby, Maryland. Subject to…