Berkshire Hathaway takes control of LNG facility as Buffett ups bet on energy infrastructure

erkshire Hathaway Energy has agreed to purchase a 50% stake in the Cove Point liquefied natural gas facility for $3.3 billion in cash.

Warren Buffett's big energy and utility division bought the stake from Dominion Energy and will now own a 75% limited partnership stake in Cove Point LNG located in Lusby, Maryland. A subsidiary of Brookfield Infrastructure Partners holds the remaining 25% .

While the deal, which was announced Monday, isn't large in size for Berkshire, it builds on a growing bet on energy infrastructure at the conglomerate as it gains control of one of the rare functional facilities in the U.S. that can export LNG.

"It builds on their long-term theme of energy resources becoming more valuable and ownership of one of only a few US LNG exporters," said Bill Stone, chief investment officer at Glenview Trust and a Berkshire shareholder.

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Private jets are descending on a small-town airport as the 'summer camp for billionaires' kicks off

Private jets are already arriving in Sun Valley, Idaho ahead of the "summer camp for billionaires."

The nearby airport began reporting delays from inbound traffic on Tuesday.

Big names like Bill Gates, Jeff Bezos, and Mark Zuckerberg were invited to attend the event.

Private jets have already begun piling up outside of small town Sun Valley, Idaho as some of the world's most powerful people head to Allen & Co's annual conference — also known as "summer camp for billionaires."

https://www.msn.com/en-us/travel/news/private-jets-are-descending-on-a-small-town-airport-as-the-summer-camp-for-billionaires-kicks-off/ar-AA1dJk9l

>>19164360

Where was the Cocaine in the White House?

6,203 views Premiered 3 hours ago WASHINGTON

Quick answer: we don't know yet, but we have a pretty good idea from media reports that it was on the ground level of the West Wing. Let me show you around a bit of the White House so you can see some of these locations.