Gas Processing & LNG is Produced by Gulf Publishing Holdings LLC

Maryland Cove Point LNG export plant to start work next week

Berkshire Hathaway Energy's Cove Point LNG export plant in Maryland will shut for about three weeks of maintenance starting around Sept. 20, according to pipeline data and analysts.

Berkshire Hathaway Energy 's Cove Point LNG

Officials at Berkshire Hathaway Energy on Wednesday confirmed the pipeline and compressor station maintenance will start on Sept. 20 but would not confirm the shutdown of the liquefaction plant until about the day before an outage.

Traders noted the reduction in gas flows to LNG export plants should weigh on U.S. natural gas prices, which hit a seven-year high on Wednesday for a third day in a row.

But, any reduction in U.S. LNG exports could cause European gas prices, which have already jumped over 30% so far in September to record levels, to soar even higher.

Analysts at Energy Aspects said Cove Point is set to undergo its annual three-week shutdown from Sept. 20, which will lower feedgas demand by 0.75 billion cubic feet per day (bcfd) until around Oct. 10.

One billion cubic feet is enough to supply about five million U.S. homes for a day.

If Cove Point shuts as expected, the timing of this outage would be in line with its 2018, 2019 and 2020 annual maintenance shutdowns.

Berkshire Hathaway Inc's Berkshire Hathaway Energy operates Cove Point and owns 25% of the facility. The rest is owned by units of Dominion Energy Inc (50%) and Brookfield Asset Management Inc (25%).

Cove Point is designed to liquefy about 0.75 bcfd of gas.

When Dominion operated the plant it sold the project's capacity for 20 years to a subsidiary of GAIL (India) Ltd and to ST Cove Point, which is a joint venture between units of Japanese trading company Sumitomo Corp and Tokyo Gas Co Ltd.

(Reporting by Scott DiSavino Editing by Marguerita Choy)

Copyright © 2019. All market data is provided by Barchart Solutions. Futures: at least a 10 minute delay. Information is provided 'as is' and solely for informational purposes, not for trading purposes or advice. To see all exchange delays and terms of use, please see disclaimer.

                                  CMEGroup                                     Icelogo


Editorial Comment
-Adrienne Blume
Worldwide, small-scale LNG liquefaction capacity is expected to expand by 30% over the next 4 yr, increasing from 33.9 MMtpy in 2021 to 43.92 MMtpy in 2025.
Industry Focus: LPG sector poised for sustainable fuel transformation
-Gordon Feller
Like virtually all industries, the liquified petroleum gas (LPG) sector was challenged by the COVID-19 pandemic throughout 2020.

Throughput optimization for pipelines and gas plants

Register Now

Many processes within oil and gas pipelines and processing plants depend on maintaining specific temperatures and pressures at which the process fluids are liquids or gases. In addition, anytime water is a component in the process fluid hydrates can form and plug piping and vessels. Learn how Sensia’s Throughput optimization solution allows operators, and control systems to “see inside” the process in real time to understand where the facility is operating with respect to critical physical constants, including the phase envelope and hydrate temperature. This insight allows for more stable operation, reduced energy expenditure and associated emissions, and greater facility throughput. Case studies will include controlling methanol injection, managing heaters, virtual sensors for sulfur recovery units and more.

April 1, 2021 10:00 AM CDT

Register Now


Please read our Term and Conditions, Cookies Policy, and Privacy Policy before using the site. All material subject to strictly enforced copyright laws.
© 2021 Gulf Publishing Holdings LLC.