Marcellus Feedgas Flowing to Cove Point LNG After Maintenance
Whew, it’s now reopened for business. It’s been 21 days since Warren Buffett’s Cove Point LNG export facility closed all the way down for annual maintenance (see Warren Buffett’s Cove Point LNG Closing for 3 Wks of Maintenance). Feedgas flows to the Cove Point terminal returned to their pre-work levels on Tuesday. Overall, U.S. feed gas deliveries were nominated at 11.2 Bcf early Wednesday, up by roughly 1 Bcf from the prior day. Let the Marcellus molecules flow!
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It’s that time of year again–for annual maintenance at the Cove Point LNG export plant, located on the shoreline of Maryland. The plant, built by Dominion Energy, is now controlled and operated by Berkshire Hathaway following Warren Buffett’s purchase of Dominion’s extensive pipeline network last year (see
Last December MDN told you that a REV LNG small-scale LNG facility near Towanda (in Wyalusing, Bradford County, PA), had successfully supplied LNG to support the bunkering of a marine vessel at the Port of Hamilton in Ontario (see
One year ago, in July 2020, we brought you the bombshell news that Dominion Energy was calling it quits in the pipeline business, abandoning the Atlantic Coast Pipeline project (on which they had already spent billions of dollars) and selling its existing (extensive) pipeline network to Warren Buffett for $9.7 billion (see
In an effort to prove natural gas is not Satanic, three Marcellus/Utica drillers–Southwestern Energy, EQT, and Chesapeake Energy–have signed up for a certification program by Project Canary called TrustWell. The program certifies that the natural gas produced by these companies is responsibly sourced natural gas (RSG). For the first time a midstream (pipeline) company, Warren Buffett’s Berkshire Hathaway Energy (BHE), has earned a TrustWell certification for a piece of equipment, the company’s compressor units.
In July, when Dominion Energy announced it had decided to exit the natural gas pipeline business by selling it to Warren Buffett and cancel the much-needed Atlantic Coast Pipeline project, the company said it would retain a 50% ownership in its Cove Point LNG export facility and sell a 25% interest to Buffett’s company (see