Mountain Valley Pipeline moves forward with secure capacity commitments

Mountain Valley Pipeline LLC

Mountain Valley Pipeline LLC, a joint venture between affiliates of EQT Corp. (NYSE: EQT) and NextEra Energy Inc. (NYSE: NEE), reports that, through its current open season, it has secured 2 Bcf per day of firm capacity commitments at 20-year terms for the Mountain Valley Pipeline project. In order to accommodate continued shipper interest, the binding open season was extended until Oct.10.

EQT, through one or more of its affiliates, including EQT Midstream Partners LP (NYSE: EQM), will operate the pipeline and own a majority interest in the joint venture.

With its connection to the existing Equitrans system in West Virginia, the Mountain Valley Pipeline (MVP) will deliver natural gas supply from vast resources located in the Marcellus and Utica shale development areas to the Transco Zone 5 compressor station 165 in Virginia. The 300-mile pipeline will address producers’ growing infrastructure constraints, while more importantly offering critical supply diversity to meet the increasing demand for natural gas in the Mid-Atlantic and Southeast markets.


Did You Like this Article? Get All the Energy Industry News Delivered to Your Inbox

Subscribe to an email newsletter today at no cost and receive the latest news and information.

 Subscribe Now


Logistics Risk Management in the Transformer Industry

Transformers often are shipped thousands of miles, involving multiple handoffs,and more than a do...

Secrets of Barco UniSee Mount Revealed

Last year Barco introduced UniSee, a revolutionary large-scale visualization platform designed to...

The Time is Right for Optimum Reliability: Capital-Intensive Industries and Asset Performance Management

Imagine a plant that is no longer at risk of a random shutdown. Imagine not worrying about losing...

Going Digital: The New Normal in Oil & Gas

In this whitepaper you will learn how Keystone Engineering, ONGC, and Saipem are using software t...