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 >
Core Molding Technologies Insider Sold Shares Worth $523,859, According to a Recent SEC Filing
Core Molding Technologies Insider Sold Shares Worth $523,859, According to a Recent SEC Filing
Aug 24, 2024
06:01 PM EDT, 08/22/2024 (MT Newswires) -- David L. Duvall, Director, Chief Executive Officer, on August 20, 2024, sold 29,150 shares in Core Molding Technologies ( CMT ) for $523,859. Following the Form 4 filing with the SEC, Duvall has control over a total of 358,227 shares of the company, with 358,227 shares held directly. SEC Filing: https://www.sec.gov/Archives/edgar/data/1026655/000102665524000104/xslF345X05/wk-form4_1724363812.xml Price: 17.85,...
Nestle replaces CEO Schneider with company veteran Freixe
Nestle replaces CEO Schneider with company veteran Freixe
Aug 24, 2024
ZURICH/LONDON (Reuters) - Nestle is replacing CEO Mark Schneider with company veteran Laurent Freixe, the Swiss food group said on Thursday, marking a change of leadership as it faces a challenge to grow sales. Schneider has decided to step down as CEO and a member of the board of directors after eight years leading the world's biggest packaged food company....
Skydance asks Paramount to stop negotiating with Bronfman, WSJ reports
Skydance asks Paramount to stop negotiating with Bronfman, WSJ reports
Aug 24, 2024
(Reuters) -Skydance Media is accusing Paramount Global's ( PARAA ) special committee of directors of breaching the terms of its deal by extending the period of time when it can engage with other bidders, the Wall Street Journal reported on Thursday. This comes after veteran media executive Edgar Bronfman Jr sweetened his bid to take over Paramount offering $6 billion...
Gold Fields trims output forecast again as new Chile mine struggles
Gold Fields trims output forecast again as new Chile mine struggles
Aug 24, 2024
JOHANNESBURG, Aug 23 (Reuters) - Gold Fields said on Friday it will produce much less gold this year than previously forecast due to challenges in raising output at a new mine in Chile and its South African operation. The Johannesburg-based gold miner said its 2024 output has been scaled down to between 2 million ounces and 2.15 million ounces from...
Copyright 2023-2026 - www.financetom.com All Rights Reserved