Brookfield to take 25% stake in Dominion's Cove Point in $2B Deal

Dominion Energy, Inc. (D), today announced that it has entered into an agreement with Brookfield Super-Core Infrastructure Partners, an infrastructure fund managed by Brookfield Asset Management Inc. (Brookfield), in which the company will transfer a 25 percent non-controlling equity interest in Cove Point to Brookfield in exchange for cash consideration of just over $2 billion, excluding working capital. The announcement is part of Dominion Energy's previously communicated intention to establish a permanent capital structure for Cove Point.

This is very interesting in LNG Export from North East US. Shipping distance to Europe will be less compared to from Texas.