Cove Point

Natural Gas Forwards Close Out 2020 with Steep Losses Amid Warm January Outlook

Natural Gas Forwards Close Out 2020 with Steep Losses Amid Warm January Outlook

With Old Man Winter appearing to trade in his snow boots for flip flops, natural gas forward prices ratcheted up declines during the final week of 2020. February prices tumbled an average of 11.0 cents from Dec. 24 to 30, while the balance of winter (February-March) fell an average 9.0 cents, according to NGI’s Forward…

December 31, 2020
LNG Recap: Berkshire Hathaway Affiliate to Takeover Operations at Cove Point

LNG Recap: Berkshire Hathaway Affiliate to Takeover Operations at Cove Point

A Berkshire Hathaway Inc. affiliate will take over operations of the Cove Point liquefied natural gas (LNG) export terminal after it agreed to acquire a 25% stake in the facility as part of a broader $9.7 billion deal to buy Dominion Energy Inc.’s natural gas transmission and storage segment.  Dominion will retain a 50% passive…

July 6, 2020
Dominion Sells 25% Stake in Cove Point; Cameron Train 2 Advances

Dominion Sells 25% Stake in Cove Point; Cameron Train 2 Advances

Dominion Energy Inc. has agreed to sell a 25% stake in its Maryland-based Cove Point liquefied natural gas (LNG) operation to Brookfield Asset Management Inc. in a deal valued at more than $2 billion, the company announced Monday.

October 21, 2019

With Cove Point Shale Gas Exports Underway, ICE’s Updated Product Reflects Shifting Market

With exports underway at Dominion Energy Inc.’s Cove Point liquefied natural gas (LNG) terminal in Lusby, MD, the Intercontinental Exchange (ICE) has launched a physical trading product to reflect the changing market dynamics at the facility.

June 21, 2018

Dominion Cove Point Officially Enters Commercial LNG Service

Dominion Energy’s liquefied natural gas (LNG) export facility, Cove Point, on Chesapeake Bay in Maryland has officially entered commercial service.

April 10, 2018
LNG Tanker Heading to Cove Point to Help Complete Commissioning Process

LNG Tanker Heading to Cove Point to Help Complete Commissioning Process

A liquefied natural gas (LNG) tanker is approaching Dominion’s new export facility on Chesapeake Bay in Maryland, and was expected to dock there Thursday to assist with the commissioning process, according to analysts and three websites that track the movement and position of seafaring vessels.

December 14, 2017