Natural Gas Transmission Line Enters Service
to Meet Public Demand and Promote the National Interest
The Mountain Valley Pipeline (MVP) entered service today after
satisfying all applicable legal and regulatory requirements,
including all applicable in-service conditions of the U.S. Pipeline
and Hazardous Materials Safety Administration’s Consent Agreement
for the project, and receiving all remaining approvals from the
Federal Energy Regulatory Commission. MVP is now available for
interruptible or short-term firm transportation service until
long-term firm capacity obligations commence on July 1, 2024.
“This is an important and long-awaited day for our Nation and
the millions of Americans who now have greater access to an
abundant supply of domestic natural gas for use as an affordable,
reliable, and cleaner energy resource,” said Diana Charletta,
president and chief executive officer of Equitrans Midstream Corp.
“Natural gas is an essential fuel for modern life, and, as a
critical infrastructure project, the Mountain Valley Pipeline will
play an integral role in achieving a lower-carbon future while
helping to ensure America’s energy and economic security for
decades to come.”
Spanning approximately 303 miles across West Virginia and
Virginia, the MVP is designed to provide cost-effective access to
natural gas for use by local distribution companies, industrial
users, and power generation facilities in the growing demand
markets of the mid-Atlantic and Southeast regions of the United
States. The 42-inch diameter underground interstate natural gas
transmission pipeline is designed to carry up to 2 Bcf of natural
gas per day from the Marcellus and Utica shale production regions
to these demand markets.
“We are grateful for the ongoing professionalism and tremendous
efforts of the federal and state agencies that worked tirelessly
for many years to ensure MVP’s construction activities met or
exceeded all applicable permitting requirements,” said Thomas F.
Karam, executive chairman, Equitrans Midstream Corp. “In addition,
we would not be commencing commercial operations were it not for
the relentless advocacy and commitment of our federal and state
elected officials. In particular, the resolve and commitment of
Senator Manchin who championed and declared MVP as being critical
to our energy security and national security, and the dedication of
Senator Capito, Congressman Reschenthaler, and Congresswoman Miller
who recognized the essential benefits of MVP, including reliable,
affordable access to domestic energy.”
The MVP is now part of a critical network of more than 300,000
miles of interstate and intrastate natural gas transmission
pipelines transporting the natural gas that fuels modern America
and the U.S. economy. Natural gas is recognized by the U.S. Energy
Information Administration as the most affordable option for
residential energy1. When used as a replacement fuel for coal-fired
electricity generation, natural gas provides reliable power while
also reducing carbon emissions by nearly half, helping to meet
national and state economic and environmental goals.
“Demand for natural gas in Southwest Virginia continues to grow,
and the importance of MVP’s energy supply cannot be overstated,”
said Paul Nester, president and chief executive officer of Roanoke
Gas Co. “The MVP and its natural gas supply are essential to
meeting the needs of residents and businesses across the Roanoke
Valley, now and for many years to come. Further, MVP’s delivery
points to Roanoke Gas in Franklin and Montgomery Counties are
certain to provide direct, long-term economic benefits to our
community and this region.”
Since the project’s inception in 2014, Mountain Valley has
worked closely with state and federal agencies that invested
countless hours and worked diligently to develop comprehensive
plans for constructing the pipeline. In accordance with all permit
requirements, the MVP was built under unprecedented regulatory
oversight and followed stringent construction, safety, and
environmental protocols, including the protection of threatened and
endangered species, and cultural, historical, and environmental
resources. Construction of the MVP required thousands of skilled
workers, who demonstrated unwavering commitment and perseverance to
complete the project and begin delivering natural gas to
customers.
About Mountain Valley Pipeline
The Mountain Valley Pipeline (MVP) is an underground, interstate
natural gas pipeline system that spans approximately 303 miles from
northwestern West Virginia to southern Virginia. Subject to
regulatory oversight by the Federal Energy Regulatory Commission,
the MVP transports clean-burning natural gas from the prolific
Marcellus and Utica shale regions to the growing demand markets in
the Mid-Atlantic and Southeast areas of the United States. The MVP
is owned by the Mountain Valley Pipeline, LLC, Series A joint
venture, and Equitrans Midstream, primary interest owner in the
joint venture, is the operator of the pipeline. From planning and
development to construction and in-service operations – MVP is
dedicated to the safety of its communities, employees, and
contractors, and to the preservation and protection of the
environment. Visit www.mountainvalleypipeline.info
Cautionary Statements
Disclosures in this news release contain certain forward-looking
statements that do not relate strictly to historical or current
facts and are forward looking. Without limiting the generality of
the foregoing, forward-looking statements contained in this news
release specifically include the expectations of the anticipated
timing for actual commencement of long-term firm capacity
obligations and the realization of benefits from the Mountain
Valley Pipeline, such as its perceived role in achieving a
lower-carbon future or American energy and economic security.
The forward-looking statements included in this news release are
subject to risks and uncertainties that could cause actual results
to differ materially from projected results. Accordingly, investors
should not place undue reliance on forward-looking statements as a
prediction of actual results. Mountain Valley Pipeline, LLC has
based these forward-looking statements on current expectations and
assumptions about future events. While Mountain Valley Pipeline,
LLC considers these expectations and assumptions to be reasonable,
they are inherently subject to significant business, economic,
competitive, regulatory, and other risks and uncertainties, most of
which are difficult to predict and are beyond its control. The
risks and uncertainties that may affect the operations,
performance, and results of Mountain Valley Pipeline, LLC and
forward-looking statements include, but are not limited to:
Mountain Valley Pipeline, LLC’s facilities are subject to many
operational risks. Operational risks could result in, among other
things, lost revenues due to outages or increased expenses.
Uncertainties and risks inherent in operating and maintaining
Mountain Valley Pipeline, LLC's facilities include, but are not
limited to, risks associated with facility start-up operations,
such as whether the facilities will achieve projected operating
performance on schedule and otherwise as planned, and any potential
impairment of access to third party pipelines or facilities or
interruption at transmission interconnection points with third
party pipelines or facilities. The consequences of these risks
could have a material adverse effect on Mountain Valley Pipeline,
LLC’s business, financial condition, results of operations and
prospects and ability to deliver benefits anticipated from
operation of the Mountain Valley Pipeline. Mountain Valley
Pipeline, LLC’s business, financial condition, results of
operations and prospects and ability to deliver benefits
anticipated from operation of the Mountain Valley Pipeline also can
be materially adversely affected by weather conditions, including,
but not limited to, the impact of severe weather, as well as
terrorism (or threats thereof) and catastrophic events resulting
from, among other things, terrorism, cyber-attacks or sabotage.
1 U.S. Department of Energy. Federal Register, Vol. 88, No. 165.
Aug. 28, 2023.
https://www.govinfo.gov/content/pkg/FR-2023-08-28/pdf/2023-18532.pdf
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version on businesswire.com: https://www.businesswire.com/news/home/20240614718832/en/
Mountain Valley Pipeline media inquiries: Natalie A. Cox
ncox@equitransmidstream.com
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