EQT Receives Nod to Stabilize Sites Along the MVP Project

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EQT Corporation EQT has received permission to stabilize various sites along the 301-mile Mountain Valley Pipeline (MVP). Per the Federal Energy Regulatory Commission, full construction of the project has been abandoned.

The project faced disruption when work on its full route was stopped following the 4th Circuit US Court of Appeals' decision. The company stated that the project will become operational in the first quarter of 2019. The date was changed in July, from the previous period of fourth-quarter2018. The company is optimistic that the U.S. Forest Service and the Bureau of Land Management will be able to fulfill the requisites of the 4th U.S. Circuit Court of Appeals relating to decisions concerning the pipeline's route through the Jefferson National Forest.

The pipeline construction and the stabilization plan continue to face criticism from various segments of society along with municipalities, native groups and environmental activists. The objections convey that some aspects of the stabilization plan include construction work that should be banned by the court.

There are several pipelines under construction, which are aiming to link Appalachian Basin supplies with the mid-Atlantic region. Demand in the region is expected to improve in the next five years. Other projects, apart from the MVP, are Williams Companies Inc's WMB Atlantic Sunrise expansion, TransCanada Corporation's TRP WB XPress and Dominion Energy Inc.'s D Atlantic Coast Pipeline.

About Mountain Valley Pipeline

A joint venture of operator EQT Midstream Partners L.P., WGL Midstream, RGC Midstream, Con Edison Transmission and an affiliate of NextEra - MVP -is expected to carry gas to markets in Virginia and North Carolina. The shippers for the pipeline comprise WGL Midstream, Roanoke Gas and EQT Energy, the marketing unit for gas producer being EQT. An auxiliary to MVP - MVP Southgate - has also been planned. It will stretch 70 miles toward south from the mainline to new delivery points in North Carolina and service customers of utility PSNC Energy with Appalachian Basin natural gas.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

This article appears in: Investing , Business , Stocks
Referenced Symbols: D , EQT , WMB , TRP

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