ZH: Buffett buys one of only seven US LNG export terminals in $3.3 billion deal

ZERO HEDGE reports:

Buffett’s Berkshire Hathaway Energy has agreed to buy Dominion Energy’s 50% stake in the Cove Point liquefied natural gas (LNG) export project in Lusby, Maryland – a one-train terminal with an annual export capacity of 5.25 million tons – for $3.3 billion.

The deal will boost the company’s limited partnership ownership of the terminal from 25% to 75%, with a unit of Brookfield Infrastructure Partners holding the remaining 25%.

The purchase, according to Bloomberg,  will give Berkshire control of one of just seven operational US facilities that can export LNG at a time when the fuel has gained increased economic and geopolitical significance amidst sanctions on Russia over its invasion of Ukraine…

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