Located in Maryland in the US, the Cove Point II LNG liquefaction terminal is operated by Berkshire Hathaway Energy. The terminal started operations in 2018 and is owned by Dominion Energy, Berkshire Hathaway Energy, and others.
The Cove Point II LNG Liquefaction terminal receives feed gas from Marcellus and Utica shales.
With one train, the Cove Point II terminal has an LNG production capacity of 5.25Mtpa (million tons per annum), which is expected to remain the same as 5.25Mtpa by 2030.
Approximately 87.62% of the installed capacity is committed through long-term contracts, which amounts to roughly 4.6Mtpa.
About Berkshire Hathaway Energy
Berkshire Hathaway Energy Co (BHE), a subsidiary of Berkshire Hathaway Inc., generates, transmits, stores, distributes and supplies electricity. The company procures, transports, distributes and sells natural gas through its subsidiaries. It generates power through diversified energy sources such as natural gas, steam, hydroelectric, coal, wind, solar, geothermal, and nuclear. The company also provides traditional residential real estate brokerage services, and other integrated real estate services such as title and closing services; mortgage originations and mortgage banking; home warranties; property and casualty insurance; relocation services; and other home-related services. It supplies electricity and gas to residential, industrial and commercial customers in the Western and Midwestern the US, Canada and the UK. BHE is headquartered in Des Moines, Iowa, the US.
MethodologyInformation on the terminal is sourced from GlobalData’s LNG Liquefaction database that provides detailed information on all active and upcoming, LNG liquefaction terminals globally. Not all companies mentioned in the article may be currently existing due to their merger or acquisition or business closure.