EQT Advances Major Pipeline Expansion Amid Strong Market Demand

EQT Corporation is accelerating development of the Mountain Valley Pipeline with a significant increase in its expansion plans. The company’s “MVP Boost” project has been substantially upgraded, now targeting a 600 MMcf/d capacity enhancement compared to the initially planned 500 MMcf/d. This upward revision follows exceptionally strong market interest, with shippers requesting over 1 Bcf/d of capacity during the recent open season.

The expansion initiative has already secured substantial long-term commitments from three major energy providers. Duke Energy has contracted for 275 MMcf/d, Public Service Company of North Carolina for 125 MMcf/d, and Virginia Power for 200 MMcf/d. These binding agreements provide substantial project certainty and underscore the robust Read more...