EQT Corp. and NextEra US Gas Assets, LLC, a subsidiary of NextEra Energy, Inc. formed a joint venture, Mountain Valley Pipeline, LLC, to construct and own Mountain Valley Pipeline. The joint venture launched a binding open season for the pipeline.
With Marcellus and Utica shale production, Mountain Valley Pipeline is expected to provide at least 3 Bcf/d of firm transmission capacity to demand markets in the Mid- and South Atlantic regions. Subject to FERC approval, the 330-mile pipeline will connect the Equitrans transmission system in West Virginia, to Transco’s Zone 5 compressor station 165 in Virginia – a highly marketable trading area for the Southeast. To date, the joint venture has received firm capacity commitments of 1.5 Bcf/d. The pipeline is expected to be in service in late 2018.
The open season ended Sept. 29, at which time the final project scope will be determined. For more information visit www.eqt.com.