On June 11, the Federal Energy Regulatory Commission (FERC) authorized the start of operations of the Mountain Valley Pipeline (MVP). MVP, 488 kilometers long, can transport up to 2 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 supplies natural gas through a more than 10,000-mile interstate pipeline system that stretches from southern Texas to New York.
MVP has signed long-term agreements with several shippers for the total capacity of the pipeline for at least 20 years from the date of entry into service. MVP will allow its shippers to access the Northeast, Mid-Atlantic and Southeastern United States markets.
In March 2024EQT 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 completed. The transaction is expected to close during the fourth quarter of 2024.
