New Mountain Valley Pipeline to begin operations

Source: www.gulfoilandgas.com 6/14/2024, Location: North America

Corrected on June 14 to accurately reflect the current status of the Equitrans Midstream Corporation acquisition.

On June 11, the Federal Energy Regulatory Commission (FERC) authorized the Mountain Valley Pipeline (MVP) to begin operations. MVP, 303 miles long, can move up to 2.0 billion cubic feet per day (Bcf/d) of natural gas from Wetzel County, West Virginia, to an interconnection with Transcontinental Gas Pipeline’s (Transco) compressor station 165 in Pittsylvania County, Virginia. Transco delivers natural gas through a 10,000-mile interstate transmission pipeline system extending from South Texas to New York.

MVP has signed long-term agreements with multiple shippers for the full capacity of the pipeline for at least 20 years from the in-service date. MVP will enable its shippers to access markets in the Northeast, mid-Atlantic, and Southeast United States.

In March 2024, EQT Corporation (EQT) announced the acquisition of Equitrans Midstream Corporation, operator of MVP, which will create a vertically integrated natural gas business in the Appalachian Basin with investments in natural gas production and transportation when the acquisition is complete. The transaction is expected to close during the fourth quarter of 2024.


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