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Virginia Gives Mountain Valley pipeline (MVP) Project Final Approval

by Justin @TradesBuilt
16 June 2023
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Virginia Gives Mountain Valley pipeline(MVP) Project final ApprovalĀ 
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The Mountain Valley Pipeline (MVP) project is a natural gas pipeline system extending approximately 303 miles from northwestern West Virginia to southern Virginia. It is an interstate pipeline regulated by the Federal Energy Regulatory Commission (FERC). The pipeline is under construction and owned by Mountain Valley Pipeline, LLC, a joint venture of EQM Midstream Partners, LP; NextEra Capital Holdings, Inc.; Edison Broadcast, Inc.; WGL Midstream; and RGC Midstream, LLC. EQM Midstream Partners will operate the pipeline and own a significant interest in the joint venture.

The West Virginia Department of Environmental Protection has issued the final state-level permit needed for the Mountain Valley Pipeline to resume construction, according to Gov. Jim Justice.

The MVP project will transport natural gas from the Mountain State to markets within the Mid-Atlantic and South Atlantic districts. In West Virginia, the MVP’s route is planned to include Braxton, Doddridge, Fayette, Greenbrier, Harrison, Lewis, Monroe, Nicholas, Summers, Webster, and Wetzel counties.

The project has faced delays, setbacks, and interruptions due to regulatory objections from environmental activists and other stakeholders opposing the pipeline.

Senators Joe Manchin (D-WV) and Sherry Moore Capito (R-WV) are nearly complete in including the pipeline in the Debt Ceiling Accord, also known as the Fiscal Responsibility Act of 2023.

When the MVP project was first announced in 2014, developers said they expected it to cost about $3.5 billion and be completed by the end of 2018.

FAQ

What is the Mountain Valley Pipeline (MVP) project?

The MVP project is a natural gas pipeline system extending approximately 303 miles from northwestern West Virginia to southern Virginia. It is an interstate pipeline regulated by the Federal Energy Regulatory Commission (FERC).

Who owns the Mountain Valley Pipeline?

The pipeline is owned by Mountain Valley Pipeline, LLC, a joint venture of EQM Midstream Partners, LP; NextEra Capital Holdings, Inc.; Edison Broadcast, Inc.; WGL Midstream; and RGC Midstream, LLC. EQM Midstream Partners will operate the pipeline and own a significant interest in the joint venture.

Has the Mountain Valley Pipeline received final approval?

Yes, the West Virginia Department of Environmental Protection has issued the final state-level permit needed for the Mountain Valley Pipeline to resume construction.

What is the route of the Mountain Valley Pipeline?

In West Virginia, the MVP’s route is planned to include Braxton, Doddridge, Fayette, Greenbrier, Harrison, Lewis, Monroe, Nicholas, Summers, Webster, and Wetzel counties.

Has the Mountain Valley Pipeline project faced any challenges?

Yes, the project has faced delays, setbacks, and interruptions due to regulatory objections from environmental activists and other stakeholders opposing the pipeline.

What is the expected cost and completion date of the Mountain Valley Pipeline project?

When the MVP project was first announced in 2014, developers estimated that it would cost about $3.5 billion and be completed by the end of 2018.

Closing Statements

The final approval of the Mountain Valley Pipeline project in Virginia marks an important milestone for the transportation of natural gas from West Virginia to markets in the Mid-Atlantic and South Atlantic regions. Despite facing regulatory objections and delays, the project is now set to resume construction. The completion of this pipeline will contribute to the energy infrastructure of the area and support the domestic natural gas industry.

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Justin @TradesBuilt

Justin @TradesBuilt

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