financetom
Business
financetom
/
Business
/
Cove Point LNG in Maryland returns to production
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Cove Point LNG in Maryland returns to production
Oct 12, 2024 11:31 AM

HOUSTON, Oct 12 (Reuters) - Berkshire Hathaway Energy's

0.8-bcfd 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 (mcf) of gas, up from a mere 15 mcf 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.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Nextnav Insider Sold Shares Worth $1,229,678, According to a Recent SEC Filing
Nextnav Insider Sold Shares Worth $1,229,678, According to a Recent SEC Filing
Sep 3, 2025
04:15 PM EDT, 09/03/2025 (MT Newswires) -- Mariam Sorond, Director, CEO, and President, on September 02, 2025, sold 69,853 shares in Nextnav ( NN ) for $1,229,678. Following the Form 4 filing with the SEC, Sorond has control over a total of 1,410,652 common shares of the company, with 1,410,652 shares held directly. SEC Filing: https://www.sec.gov/Archives/edgar/data/1865631/000155485525001472/xslF345X05/form4.xml ...
American Eagle bets on promotions to forecast upbeat sales, shares jump 25%
American Eagle bets on promotions to forecast upbeat sales, shares jump 25%
Sep 3, 2025
(Corrects syntax in headline) (Reuters) -American Eagle Outfitters ( AEO ) forecast third-quarter comparable sales above expectations on Wednesday, betting on the demand driven by promotions and new products, sending the shares of the apparel retailer up 25% after the bell. Apparel firms such as American Eagle and Abercrombie & Fitch have defied a slowdown in the retail sector through...
Specialty retailer Tillys misses Q2 sales estimates, but gross margin improves
Specialty retailer Tillys misses Q2 sales estimates, but gross margin improves
Sep 3, 2025
Overview * Tillys ( TLYS ) fiscal Q2 net sales fall 7.1%, missing analysts' expectations * Gross profit margin improves to 32.5% from 30.7% due to better product margins * Reports net income of $3.2 mln from a net loss last year Outlook * Tillys ( TLYS ) sees Q3 net sales of $134 mln to $140 mln * Company...
Fluor Gets US Army's Logistics Support Services Contract in Europe
Fluor Gets US Army's Logistics Support Services Contract in Europe
Sep 3, 2025
04:58 PM EDT, 09/03/2025 (MT Newswires) -- Fluor (FLR) said Wednesday it has won a three-year logistics support services contract from the US Army contracting office in Bavaria to provide training and support to US and coalition forces. The company said it has held the logistics support services contracts since 2016. ...
Copyright 2023-2026 - www.financetom.com All Rights Reserved