Berkshire Hathaway Energy to shut Cove Point LNG export plant in Maryland for annual maintenance
Berkshire Hathaway Energy to shut Cove Point LNG export plant in Maryland for annual maintenance By Scott DiSavino and Curtis Williams
NEW YORK, Sept 11 (Reuters) - U.S. firm Berkshire Hathaway Energy plans to shut its Cove Point LNG export plant in Maryland around September 19 for about two-weeks to conduct annual maintenance, according to a company notice.
For the first eight months of 2026 it exported 3.58 million metric tons, according to data from financial firm LSEG. The plant can turn around 0.8 bcfd of gas into LNG.
The amount of natural gas flowing to the plant has averaged around 0.9 billion cubic feet per day (bcfd) so far in September, according to data from financial firm LSEG. Plants often pull in more gas than they can turn into LNG since they use some of the fuel to run equipment.
U.S. LNG export plants typically shut for planned maintenance in the spring or autumn when global demand for gas for heating or cooling is lower than during the peak winter and summer months.
Berkshire Hathaway Energy is a unit of U.S. multinational conglomerate Berkshire Hathaway BRKa.N. It operates Cove Point and owns 75% of the facility. The other 25% is owned by units of Brookfield Asset Management BAMa.TO.
Cove Point's LNG is sold under 20-year agreements to a subsidiary of GAIL (India) GAIL.NS and to ST Cove Point, which is a joint venture between units of Japanese trading company Sumitomo 8053.T and Tokyo Gas 9531.T.
(Reporting by Scott DiSavino and Curtis Williams; Editing by Nathan Crooks and Franklin Paul)
((scott.disavino@thomsonreuters.com; +1 332 219 1922; Reuters Messaging: scott.disavino.thomsonreuters.com@reuters.net/))
Recent news on SUMITOMO
See all newsAustralia's Tivan gains on advancement of joint venture for tungsten project
Brief: Tivan Advances Towards Binding Joint Venture For Molyhil Tungsten Project
Australia's FleetPartners set for best week in more than a month on sweetened offers
Brief: Sumitomo Corp Sold Part Of Stake In Gas-Fired Power Generation Business In Thailand To Shikoku Electric Power
Australia's FleetPartners hits record high on receiving sweetened buyout bids