PITTSBURGH–(BUSINESS WIRE)–Mountain Valley Pipeline, LLC (Mountain Valley) today announced the MVP Southgate project, a proposed interstate natural gas pipeline anchored by a firm capacity commitment from PSNC Energy, a wholly owned subsidiary of SCANA Corporation (NYSE: SCG). Mountain Valley also announced the commencement of a binding open season for MVP Southgate, in order to provide additional market participants an opportunity to subscribe to the project. EQT Midstream Partners, LP (NYSE: EQM) will be the operator of MVP Southgate, which has a targeted in-service date of the fourth quarter 2020.
Subject to Federal Energy Regulatory Commission approval, the MVP Southgate project, as currently designed, will receive gas from the Mountain Valley Pipeline mainline in Pittsylvania County, Virginia and extend approximately 70 miles south to new delivery points in Rockingham and Alamance Counties, North Carolina. MVP Southgate would provide low-cost supply access to natural gas produced in the Marcellus and Utica shale regions for service delivery to PSNC Energy customers, as well as existing and new end-user markets in southern Virginia and central North Carolina. To support the increasing demand for clean-burning natural gas, MVP Southgate would enhance both supply diversity and reliability to these growing regional markets.
“Today’s announcement of the MVP Southgate project underscores the need for improved access to a low-cost, reliable supply of natural gas from the Appalachian Basin that will support the increasing demand for energy by consumers and industrial markets in the southeast United States,” said Jerry Ashcroft, president and chief executive officer, EQT Midstream Partners. “Our focus on the safe and responsible construction and operation of Mountain Valley Pipeline will continue into the planning and development of MVP Southgate.”
“PSNC Energy’s customers benefit from the company having supply diversity,” said PSNC Energy president and chief operating officer, Rusty Harris. “This project will help ensure low costs for customers and enhance service reliability.”
The binding open season for MVP Southgate commenced today and is scheduled to end on May 11, 2018, at which time the final project scope will be determined. For more information on the binding open season, please visit www.mvpsouthgate.com.
About Mountain Valley Pipeline, LLC
Mountain Valley Pipeline, LLC (Mountain Valley) is a joint venture of EQT Midstream Partners, LP; NextEra US Gas Assets, LLC; Con Edison Transmission, Inc.; WGL Midstream; and RGC Midstream, LLC. Mountain Valley is currently constructing the Mountain Valley Pipeline, an underground natural gas pipeline that spans approximately 300 miles from northwestern West Virginia to southern Virginia. MVP Southgate is a proposed underground natural gas pipeline system that spans approximately 70 miles from southern Virginia to central North Carolina and, subject to regulatory review and approval by the Federal Energy Regulatory Commission, will be constructed and owned by Mountain Valley. The Mountain Valley Pipeline and MVP Southgate infrastructure systems are designed to transport 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. EQT Midstream Partners will operate the pipelines, with targeted in-service dates of late 2018 for Mountain Valley Pipeline and late 2020 for MVP Southgate. From planning and development, to construction and in-service operation – Mountain Valley is dedicated to the safety of its communities, employees, and contractors; and to the preservation and protection of the environment.