•  
  •  
  •  
  •  
  •  
  • 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.

     

     

     

    Related Articles

    EnLink to build new Utica pipeline and related facilities

    08/19/2014 The EnLink Midstream companies – EnLink Midstream Partners LP and EnLink Midstream LLC – plan to construct a new 45-mile, 8-inch condensate pipeline and six natural gas compression and condens...

    American Midstream amends private placement of common units

    08/19/2014

    American Midstream Partners LP reports an amendment to the company’s private placement of common units.

    PennTex to build gathering, processing platforms in Permian and Lousiana

    08/18/2014

    PennTex Midstream Partners LLC has signed two separate midstream transactions to build two significant gathering and processing platforms in the Permian Basin and Northern Louisiana.

    American Midstream acquires offshore oil gathering assets from DCP

    08/12/2014

    American Midstream Partners LP has completed its acquisition of entities holding offshore oil gathering assets from an affiliate of DCP Midstream LLC.

    Rice Energy to form midstream MLP, offer common stock

    08/12/2014 Rice Energy Inc. is pursuing the formation of a midstream master limited partnership and intends to confidentially submit a draft Registration Statement on Form S-1 to the US Securities and Exchang...

    More Oil & Gas Financial Articles

    EnLink to build new Utica pipeline and related facilities

    Tue, Aug 19, 2014

    The EnLink Midstream companies – EnLink Midstream Partners LP and EnLink Midstream LLC – plan to construct a new 45-mile, 8-inch condensate pipeline and six natural gas compression and condensate stabilization facilities that will service major producer customers in the Utica shale play, including Eclipse Resources.

    American Midstream amends private placement of common units

    Tue, Aug 19, 2014

    American Midstream Partners LP reports an amendment to the company’s private placement of common units.

    PennTex to build gathering, processing platforms in Permian and Lousiana

    Mon, Aug 18, 2014

    PennTex Midstream Partners LLC has signed two separate midstream transactions to build two significant gathering and processing platforms in the Permian Basin and Northern Louisiana.

    American Midstream acquires offshore oil gathering assets from DCP

    Tue, Aug 12, 2014

    American Midstream Partners LP has completed its acquisition of entities holding offshore oil gathering assets from an affiliate of DCP Midstream LLC.

    Rice Energy to form midstream MLP, offer common stock

    Tue, Aug 12, 2014

    Rice Energy Inc. is pursuing the formation of a midstream master limited partnership and intends to confidentially submit a draft Registration Statement on Form S-1 to the US Securities and Exchange Commission for an initial public offering of MLP common units.

    Most Popular

    Oil & Gas Jobs

    Search More Job Listings >>
    Subscribe to OGFJ