Mountain Valley Pipeline, LLC and Consolidated Edison, Inc. announced their intent to deliver natural gas to industrial and consumer end-use markets located in the growing demand areas of the Northeast. The 20-year transportation agreement with ConEd is for 250,000 Dth/d of firm capacity on proposed Mountain Valley Pipeline (MVP). ConEd also agreed to a 20-year firm transportation agreement for 250,000 Dth/d on the Equitrans system, located in northern West Virginia and southwestern Pennsylvania, providing more direct access to supply resources upstream of MVP. Equitrans is owned and operated by EQT Midstream Partners.
As proposed, the MVP project will span 301 miles from northwestern West Virginia to southern Virginia. The 42-inch pipeline, with an estimated cost of $3-3.5 billion, is scheduled to begin full service in late 2018.
The MVP will be constructed and owned by Mountain Valley Pipeline, LLC, which is a joint venture of EQT Midstream Partners, LP; NextEra US Gas Assets, LLC; Con Edison Gas Midstream, LLC; WGL Midstream; Vega Midstream MVP LLC; and RGC Midstream, LLC. EQT Midstream Partners will operate the pipeline and own a majority interest in the joint venture.