EQT announced in its earnings presentation on Wednesday that it would begin construction of its MVP Southgate project in 2026. This new timeline will “derisk project execution” according to CEO Toby Rice. The project, once completed, will be capable of sending 550 MMcf/d from MVP’s current tailgate in Pittsylvania County, VA to Rockingham County, NC 30 miles south. Capacity on the project is completely sold to customers including Public Service Corporation of North Carolina and Duke Energy for the period following the old in-service projection of mid-2028. Rice said that EQT is currently “working to pair up the accelerated construction and service date of our project with the commercial team.” He confirmed that the adjustment to commercial arrangements “would all be upside for our ’27 plans,” implying that MVP Southgate will be flowing gas next year.
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Go Outside – How Much Natural Gas Will Reach the Southeast Following These Big New Projects?
One of the seminal energy-related controversies of the past decade was the construction of Mountain Valley Pipeline, but much of its capacity is unused in the shoulder season. Now, three projects aim to debottleneck MVP: Transco’s Southeast Supply Enhancement as well as MVP Southgate and MVP Boost.
Movin’ Out – Several Northeast Gas Pipeline Projects Focus on Pennsylvania, Regional Enhancements
Rising demand for natural gas in the U.S. Northeast and regions to its south and west is spurring the development of gas pipeline projects that collectively will enable Marcellus/Utica E&Ps to ratchet up their production into the 2030s. In today’s RBN blog, we continue our review of these projects.
Step by Step – Northeast Gas Projects Move Forward, One Step at a Time
Efforts to move more natural gas into gas-starved New England are picking up steam. Enbridge said Project Beacon’s open season was better than expected, while DT Midstream is moving ahead with one Millennium Pipeline expansion and considering a much larger one.
