Immediate Trade

Berkshire buys…

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Greg P
Greg P
Posted underCommoditiesEnergyLiquified Natural GasLNGWarren Buffett

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 applicable regulatory approvals, the purchased interest will be held within BHE GT&S, LLC, a Berkshire Hathaway Energy business unit.

https://www.cnbc.com/2023/07/11/berkshire-hathaway-takes-control-of-lng-facility-as-buffett-ups-bet-on-energy-infrastructure.html

TaggedBerkshire HathawayBRK.ACove Point LNGDominion EnergyGreg Abel


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