Dominion Energy delays until early 2021 completion of part of US gas assets sale

摘要

Dominion Energy has delayed until next year the expected completion of part of the sale of its gas infrastructure assets to Warren Buffett’s Berkshire Hathaway because it is taking longer than anticipated to secure necessary US regulatory approval, the company said Sept. 30. In July, Berkshire Hathaway agreed to buy substantially all of Dominion’s gas pipeline and storage assets for $4 billion in cash and the assumption of $5.7 billion in debt. As part of the deal, Berkshire Hathaway will become the operator of and take a 25% stake in the Cove Point Liquefaction terminal in Maryland, an important outlet for US gas to Europe and beyond with a capacity of about 5.25 million mt/ year. Dominion will retain a 50% passive ownership.