BHE GT&S

What BHE GT&S does

BHE GT&S is a Berkshire Hathaway Energy subsidiary and interstate natural gas transmission, storage and LNG infrastructure operator headquartered in Glen Allen, Virginia. It owns and operates approximately 5,400 miles of transmission pipeline across 10 eastern US states, 17 underground storage fields with 756 bcf of total storage capacity (420 bcf working gas) and Cove Point LNG, the first LNG export facility on the US East Coast with 14.6 BCF of LNG storage and 1.8 BCF of daily send-out capacity. The company's operating subsidiaries are Carolina Gas Transmission (South Carolina and southeast Georgia), Eastern Gas Transmission and Storage (Mid-Atlantic and Northeast), Eastern Gathering and Processing (Marcellus and Utica gathering, processing, fractionation and NGL marketing, processing up to 180,000 mcf/day at Hastings), Cove Point LNG (LNG import, export, vaporization, send-out and liquefaction), and Pivotal LNG (75%-owned small-scale LNG with REV LNG).

The company earns revenue predominantly through FERC-regulated tariff-based subscription services: firm and interruptible transportation, general and market-center storage, and long-term liquefaction tolling agreements at Cove Point. Commercial models include firm transportation with guaranteed capacity, interruptible services billed on volume transported, and 20-year LNG off-take agreements with Sumitomo/Tokyo Gas and GAIL (India) Ltd that have fully subscribed Cove Point capacity. Customers are concentrated among large utilities, power generators, manufacturers, LDCs, municipalities, energy marketers and international LNG buyers, served through a regulated field-sales motion with industry organization participation rather than traditional marketing channels. The asset base was acquired from Dominion Energy in November 2020, and operational safety leadership has been demonstrated through repeated American Gas Association awards (lowest DART rate, accident prevention leadership) and Mastio Customer Value rankings (top-3 in Mega and Regional Pipeline categories through 2024).

Name

BHE GT&S

Legal name

BHE GT&S

Website

https://bhegts.com

Company type

Private

Founded year

2020

Operating status

Operating

Headcount range

1,001–5,000 employees

Short description

BHE GT&S is a Berkshire Hathaway Energy subsidiary operating approximately 5,400 miles of interstate natural gas transmission pipeline, 756 bcf of underground storage, and the Cove Point LNG export facility in the eastern United States. The company serves major utilities, power generators, manufacturers, LDCs, and international LNG off-takers through FERC-regulated transportation, storage, and liquefaction services.

Ownership category

akta.pro rank

Product category

Natural Gas Transmission and Storage

NAICS

Pipeline Transportation of Natural Gas (4862), Pipeline Transportation of Natural Gas (486210), Natural Gas Distribution (2212)

SIC

Natural Gas Transmisison & Distribution (4923), Natural Gas Transmission (4922)

akta.pro primary industry

Midstream Commercial Services (Capacity Marketing, Balancing & Scheduling) (EUAAACAL)

akta.pro secondary industries

Operations, Scheduling & Post-Trade for LNG (Nomination, Settlement, Claims) (EUAGAHAK), Industrial CNG/LNG Supply & Distribution (Virtual Pipelines, Trucking, Satellite Storage) (EUALALAA)

Keywords

• Natural gas transmission
• Natural gas storage
• LNG export services
• Gas pipeline infrastructure
• Natural gas processing

Headquarters

HQ city

Richmond

HQ country

United States

HQ region

North America

Offices5 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Infrastructure, Operations, Personnel, Technology or R&D, Supply Chain

Revenue model

1. Natural Gas Transmission Services: Firm and interruptible transportation services for natural gas through interstate pipelines. Firm Transportation (FT) service provides guaranteed capacity while Interruptible Transportation (IT) is subject to system constraints.
2. Natural Gas Storage Services: One of the most cost-effective storage services in the nation. General Storage Services (GSS) operated in aggregate with multiple storage facilities allowing flexibility for seasonal gas price arbitrage.
3. LNG Export Services: LNG liquefaction, storage and export services through Cove Point LNG facility with fully subscribed 20-year agreements with Sumitomo/Tokyo Gas and GAIL (India) LTD. Average liquefaction capacity of about 750,000 dth.
4. Small-Scale LNG Solutions: LNG production, transportation and delivery for industries including power generation, manufacturing, marine transportation and heavy-duty trucking
5. Natural Gas Processing and NGL Marketing: Eastern Gathering and Processing (EGP) gathers, processes natural gas, fractionates mixed NGLs and markets over 100 million gallons annually of commercial grade purity propane, butane and natural gasoline to over 20 customers

Pricing tiers

Go-to-market motion1 record

Distribution channels3 records

Marketing channels4 records

Core offering

BHE GT&S provides interstate natural gas transportation, storage, gathering, processing, and LNG solutions through five operating business units: Carolina Gas Transmission (CGT), Eastern Gas Transmission and Storage (EGTS), Eastern Gathering and Processing (EGP), Cove Point LNG, and Pivotal LNG. The company offers Firm and Interruptible Transportation services, General Storage Services (GSS), Market Center Services (MCS), large-scale LNG export, small-scale LNG production, and natural gas liquid marketing to enterprise customers across the eastern United States.

Product overview

BHE GT&S operates as an interstate natural gas transmission and storage company offering a portfolio of interconnected energy infrastructure services. The company operates five core business units: Carolina Gas Transmission (CGT) for natural gas transportation in South Carolina and Georgia; Eastern Gas Transmission and Storage (EGTS) for large-scale pipeline and storage operations in the Mid-Atlantic and Northeast; Eastern Gathering and Processing (EGP) for natural gas processing in the Marcellus and Utica basins; Cove Point LNG for liquefied natural gas import/export operations on the East Coast; and Pivotal LNG for small-scale LNG solutions. Together these services provide natural gas transmission, storage, gathering, processing, and LNG solutions across 10 states in the eastern US.

Differentiator

Problem solved

Functional benefit

Brands

• Eastern Gas Transmission and Storage (EGTS): Interstate gas transmission subsidiary providing natural gas transportation and storage services with one of the largest underground natural gas storage systems in the United States.
• Cove Point LNG
• Pivotal LNG

Products and services

• Carolina Gas Transmission (CGT) Provides safe, reliable, and affordable natural gas transportation services to markets in South Carolina and southeast Georgia through nearly 1,500 miles of transmission pipeline, serving power generators, large industrials, local distribution companies, municipalities, and energy marketers with 150+ delivery points and approximately 70% of South Carolina gas flow.
• Cove Point LNG LNG import, export, vaporization, and liquefaction facility located in Lusby, Maryland; the first LNG export facility on the East Coast and the second-largest in the continental U.S. with 14.6 BCF storage capacity, 1.8 BCF daily send-out capacity, and exports serving approximately 28 countries under fully subscribed 20-year agreements with Sumitomo/Tokyo Gas and GAIL (India) LTD.
• Eastern Gas Transmission and Storage (EGTS) Provides natural gas transportation and storage services with one of the largest underground natural gas storage systems in the U.S., operating nearly 4,000 miles of pipeline and 985,000 horsepower of compression across six states (Maryland, New York, Ohio, Pennsylvania, Virginia, and West Virginia) with 17 storage fields, 756 bcf total storage, 420 bcf working gas capacity, and 9.5 bcf of daily natural gas delivery.
• Eastern Gathering and Processing (EGP) Natural gas gathering, processing, fractionation, and transportation services positioned in the Marcellus and Utica production basins in West Virginia and western Pennsylvania, including the Hastings processing and fractionation plant capable of processing up to 180,000 mcf/day of natural gas and NGL marketing of over 100 million gallons annually of commercial-grade purity propane, butane, and natural gasoline to over 20 customers.
• Pivotal LNG (Small-Scale LNG Solutions) Provides clean, alternative energy solutions through liquefied natural gas production, transportation and delivery for industries including power generation, manufacturing, marine transportation, and heavy-duty trucking, with facilities in Pennsylvania, Alabama, and Florida.

Quantifiable outcome

• 9.5 bcf natural gas delivered daily
• +3 more outcomes

Named customers8 records

Segments8 records

Ideal customer profiles5 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

Six partnerships are on record, tiered core and minor.

• REV LNGcoreStrategic or Co-development PartnerPivotal LNG is a partnership between BHE GT&S and REV LNG with majority ownership by BHE GT&S. The partnership provides small-scale LNG solutions including liquefied natural gas production, transportation and delivery capabilities with over 40 years of experience serving industries across the U.S.
• Chesapeake UtilitiescoreStrategic or Co-development PartnerCanaveral LNG is a partnership between Chesapeake Utilities and BHE GT&S proposing to develop liquefied natural gas infrastructure at Port Canaveral, Florida to support the growing cruise and space industries with improved energy reliability and safety.
• Sumitomo / Tokyo GascoreStrategic or Co-development PartnerLong-term LNG supply agreement through Cove Point LNG. Fully subscribed 20-year agreement for LNG exports supporting energy needs in multiple countries.
• GAIL (India) LTDcoreStrategic or Co-development PartnerLong-term LNG supply agreement through Cove Point LNG. Fully subscribed 20-year agreement for LNG exports supporting India's energy needs.
• ONE Future CoalitionminorStrategic or Co-development PartnerBHE GT&S is part of the ONE Future Coalition, a group of more than 45 Natural Gas companies working together to voluntarily reduce methane emissions across the Natural Gas value chain to 1% or less by 2025.
• Dominion Energy (Former Parent)minorOthersPreviously acquired by Berkshire Hathaway Energy from Dominion Energy Inc. on November 1, 2020. BHE GT&S maintains separate operations and is not affiliated with Dominion Energy following the acquisition.

Scale indicators16 records

Recent moves7 records

Expansion highlights5 records

Direct peers

• Williams Companies: Major U.S. natural gas pipeline and midstream operator with large-scale interstate transmission, storage, and gathering assets concentrated in the Northeast, Mid-Atlantic, and Gulf Coast. Directly comparable to BHE GT&S's EGTS franchise in scale, geography, and FERC-regulated business model.
• DT Midstream: Natural gas pipeline, storage, and gathering operator concentrated in the Marcellus/Utica and Haynesville production regions. Comparable asset mix and Marcellus/Utica exposure to BHE GT&S's EGP and EGTS operations.
• Cheniere Energy: Largest U.S. LNG export operator with long-term offtake agreements and U.S. Gulf Coast facilities. Directly comparable to Cove Point LNG in liquefaction economics, contracted cash flow structure, and global LNG marketing model.
• ONEOK: Midstream operator with natural gas gathering, processing, and NGL fractionation in the Marcellus/Utica and Mid-Continent regions. Directly comparable to BHE GT&S's EGP unit and its downstream NGL marketing business.
• Boardwalk Pipelines: Operator of interstate natural gas and NGL pipelines and storage assets serving the Southeast, Mid-Atlantic, and Gulf Coast. Directly comparable to CGT's regional transmission footprint and EGTS's storage franchise.
• TC Energy (now South Bow): Operator of major FERC-regulated interstate natural gas pipelines and storage assets in the U.S. and Canada, including significant East Coast and Marcellus exposure. Highly comparable business model, customer mix, and regulatory framework to BHE GT&S.

Broad incumbents

• Energy Transfer: Large diversified midstream operator with extensive natural gas and NGL pipeline, storage, and processing assets nationwide. Overlaps with BHE GT&S across transmission, storage, and NGL marketing, with broader geographic and commodity diversification.
• Kinder Morgan: Largest natural gas pipeline operator in North America with extensive interstate transmission, storage, and LNG-related assets across the U.S. Overlaps directly with BHE GT&S in regulated gas transmission and storage, though at materially larger scale and broader geographic scope.

Others

• Dominion Energy: Former parent of BHE GT&S; sold its gas transmission, storage, and LNG assets to Berkshire Hathaway Energy in 2020. Retains regulated electric utility and LDC operations that overlap with CGT's customer base, providing a reference for the divestiture economics.

Emerging players

• New Fortress Energy: Small-scale LNG production and distribution company serving industrial, power, and transportation end-markets. Directly comparable to BHE GT&S's Pivotal LNG business in mobile/onsite LNG solutions for industrial customers.

Market position

Strengths3 records

Weaknesses5 records

Competitive moat5 records

Key risks5 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/bhegts

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Subsidiaries5 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A1 record

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about BHE GT&S