In an exciting development, EQT revealed its plans to boost the capacity of the Mountain Valley Pipeline to 2.5 billion cubic feet per day, up from the current 2 billion cubic feet per day, following its impending acquisition of MVP operator Equitrans Midstream (ETRN).
This expansion is in direct response to the increasing demand from liquefied natural gas facilities and the projected rise in power demand across the southeastern United States, as highlighted by executives during EQTs recent earnings conference call.
Just this week, Equitrans (ETRN) took a significant step forward by submitting a request to the Federal Energy Regulatory Commission seeking approval to commence MVP operations. With all waterbody and wetland crossings completed, Equitrans (ETRN) is optimistic that all remaining segments will be welded together by early May.
The company is aiming for a FERC order by May 23 to greenlight the start of operations, with the entire project slated for mechanical completion by May 22.Exciting times lie ahead for the Mountain Valley Pipeline and its role in meeting the region's energy needs.
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