Berkshire Hathaway's Cove Point LNG Back Online After 3-Week Shutdown
(Reuters) — Berkshire Hathaway Energy's 0.8-bcf/d Cove Point LNG export plant in Lusby, Maryland, returned to production on Saturday, three weeks after it shut down for annual maintenance, according to data from financial firm LSEG.
The plant is one of the smallest U.S. LNG export facilities, but with low gas prices since March this year, any loss of demand can negatively impact the Henry Hub price.
On Saturday, Cove Point was on track to pull 844 million cubic feet (MMcf) of gas, up from a mere 15 MMcf per day since the plant shut down on Sept. 20, according to LSEG data.
Gas flows to the seven big U.S. LNG export plants averaged 13.7 billion cubic feet per day (bcf/d) on Saturday, up from Friday when they averaged 12.9, bcf/d, showing the impact of the restart of the Cove Point plant, according to LSEG data.
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