West Virginia Executive Spring 2017 - Page 53

STATUS: Mountain Valley Pipeline EQT Corporation’s Mountain Valley Pipeline (MVP) is a project that will allow the transport of natural gas from West Virginia, Pennsylvania and Ohio to consumer markets in the Mid-Atlantic and Southeast U.S., where the demand for clean- burning natural gas is quickly growing for residential, industrial and electric genera- tion needs. According to Natalie Cox, corporate director of communications for EQT, research indicates there is more than enough domestic demand to accommodate the MVP’s full capacity. The proposed pipeline would span approximately 303 miles, beginning in northwestern West Virginia and running to southern Virginia. The MVP is expected to provide up to 2 million dekatherms per day of transmis- sion capacity and will be an extension of the Equitrans transmission system in Wetzel County, WV, to Transcontinental Gas Pipeline Company’s Zone 5 compres- sor station in Pittsylvania County, VA. Pending FERC Approval The MVP would be up to 42 inches in diameter and would have three com- pressor stations in Wetzel, Braxton and Fayette counties. The project is estimat- ed to cost up to $3.5 billion, and EQT projects construction expenditures within West Virginia to be up to $811 million. According to an economic analysis con- ducted by FTI Consulting, this spending will generate $594 million in cumulative gross regional product, up to 4,500 jobs during peak construction and up to 9,400 jobs over the course of construction. “The Marcellus and Utica shale regions across Pennsylvania and West Virginia continue to have an abundance of natural gas reserves that have yet to be produced,” says Cox. “At present, there is not enough pipeline infrastructure to transport that gas to market, which is why there is such a critical need for pipeline project buildouts.” The MVP is currently awaiting the Final Environmental Impact Statement from the FERC, which is expected to be issued in June 2017. The MVP will be governed by the Natural Gas Act, which requires a Certificate of Convenience and Neces- sity from the FERC before construction can commence, but EQT is currently ex- pecting a full in-service date of late 2018. WWW.WVEXECUTIVE.COM S P R I N G 2 017 51