•  
  •  
  •  
  •  
  •  
  • Untitled Document
    Untitled Document

    EQT and NextEra Energy begin Southeast pipeline project

    EQT Corp.

    EQT Corp. (NYSE: EQT) and NextEra US Gas Assets LLC, an indirect, wholly owned subsidiary of NextEra Energy Inc. (NYSE: NEE) have begun a non-binding open season for the Mountain Valley Pipeline project, which is expected to connect Marcellus and Utica natural gas supply to demand markets in the Southeast region of the US.

    The companies also announced the signing of a letter of intent to form a joint venture that is expected to construct and own the Mountain Valley Pipeline. Under the letter of intent, EQT is expected to (through one or more of its affiliates, including EQT Midstream Partners LP), operate the pipeline and own a majority interest in the joint venture.

    Subject to FERC approval, the 330-mile Mountain Valley Pipeline project will extend the Equitrans transmission system from Wetzel County, West Virginia; and travel south to its expected primary delivery point, Transcontinental Gas Pipeline Co.’s (Transco’s) Zone 5 compressor station 165 in Pittsylvania County, Virginia. In addition to the primary delivery point, the Mountain Valley Pipeline has numerous potential interconnects with pipelines and processing facilities; and shippers will have the option to request a project extension to delivery points further south into North Carolina. The Mountain Valley Pipeline is expected to initially provide at least two billion cubic feet per day of firm transmission capacity.

    Including EQT, the open season has commitments from two foundation shippers that, combined, have agreed to 1 Bcf per day of firm transmission capacity through 20-year contracts on the Mountain Valley Pipeline. Delivery to Transco Station 165 is expected to be in service by the fourth quarter of 2018.

    The open season was filed by Equitrans LP, a subsidiary of EQT Midstream Partners; however, the ultimate EQT affiliate to own and/or operate the pipeline will be determined at a future date. EQT is the general partner of and also owns a 32% limited partner interest in EQT Midstream Partners.

     

     

     

    Most Popular

    Related Articles

    TLLP to acquire remaining portion of QEPM

    04/07/2015

    Tesoro Logistics LP and QEP Midstream Partners LP have signed a definitive merger agreement whereby TLLP will acquire QEPM in a unit-for-unit exchange.

    Siemens opens oil & gas headquarters in Houston

    04/07/2015 Siemens is opening a new oil & gas headquarters in Houston. Managing board member Lisa Davis, who leads Siemens’ oil and gas and power generation businesses, will be based in the new Houston of...

    NuStar Energy begins binding open season for pipeline system expansion

    04/03/2015

    NuStar Energy LP has begun its second binding open season of its South Texas Crude Oil Pipeline System project by its affiliate, NuStar Logistics LP.

    Dominion Midstream Partners acquires Dominion Carolina Gas Transmission

    04/02/2015

    Dominion Midstream Partners LP has acquired Dominion Carolina Gas Transmission LLC from Dominion Resources Inc. for approximately $495 million.

    EnLink completes VEX acquisition in dropdown transaction with Devon

    04/01/2015 EnLink Midstream Partners LP has completed its acquisition of the Victoria Express Pipeline and related truck terminal and storage assets (VEX) from Devon Energy Corp. The transaction is expected t...

    Crestwood Midstream names Halpin SVP, CFO

    04/01/2015

    Robert Halpin has been appointed senior vice president and CFO of Crestwood Midstream Partners LP and Crestwood Equity Partners LP.

    More Oil & Gas Financial Articles

    TLLP to acquire remaining portion of QEPM

    Tue, Apr 7, 2015

    Tesoro Logistics LP and QEP Midstream Partners LP have signed a definitive merger agreement whereby TLLP will acquire QEPM in a unit-for-unit exchange.

    Siemens opens oil & gas headquarters in Houston

    Tue, Apr 7, 2015

    Siemens is opening a new oil & gas headquarters in Houston. Managing board member Lisa Davis, who leads Siemens’ oil and gas and power generation businesses, will be based in the new Houston office, which will also include Siemens’ oil & gas and marine business unit.

    NuStar Energy begins binding open season for pipeline system expansion

    Fri, Apr 3, 2015

    NuStar Energy LP has begun its second binding open season of its South Texas Crude Oil Pipeline System project by its affiliate, NuStar Logistics LP.

    Dominion Midstream Partners acquires Dominion Carolina Gas Transmission

    Thu, Apr 2, 2015

    Dominion Midstream Partners LP has acquired Dominion Carolina Gas Transmission LLC from Dominion Resources Inc. for approximately $495 million.

    EnLink completes VEX acquisition in dropdown transaction with Devon

    Wed, Apr 1, 2015

    EnLink Midstream Partners LP has completed its acquisition of the Victoria Express Pipeline and related truck terminal and storage assets (VEX) from Devon Energy Corp. The transaction is expected to be immediately accretive to the Partnership.

    OGFJ photo of the day


    Click to view slideshow

    Oil & Gas Jobs

    Search More Job Listings >>
    Subscribe to OGFJ