Mountain Valley Pipeline, LLC and RGC Midstream, LLC announced their intent to deliver natural gas to several Virginia communities along the proposed Mountain Valley Pipeline (MVP) route. As part of the agreement, RGC Midstream, LLC 海角吃瓜网� a subsidiary of RGC Resources, Inc. 海角吃瓜网� will acquire a 1% ownership interest in Mountain Valley Pipeline, LLC, which is a joint venture between EQT Midstream Partners, LP, majority owner and operator of the proposed pipeline, in addition to affiliates of NextEra Energy, Inc.; WGL Holdings, Inc. and Vega Energy Partners, Ltd. In addition, Roanoke Gas Company will become a shipper on the pipeline in order to supply and expand its southwest Virginia customer base.
Comments from RGC
海角吃瓜网淩GC Midstream海角吃瓜网檚 agreement with Mountain Valley Pipeline addresses the growing demand for natural gas in our region and enhances the reliability of our Roanoke gas system,海角吃瓜网� said John D海角吃瓜网橭razio, President and Chief Executive Officer, RGC Resources. 海角吃瓜网淪trengthening our natural gas supply and bringing access to unserved communities is essential for continued progress in southwest Virginia. It will increase the opportunity for economic growth in our region through a combination of industrial expansions, job creation, and new investments.海角吃瓜网�
With its connection to EQT Midstream Partners海角吃瓜网� existing Equitrans system in West Virginia, the MVP is specifically designed to address infrastructure constraints associated with the rapid development of natural gas from the Marcellus and Utica shale plays, while more importantly offering critical supply diversity to meet the increasing demand for natural gas across the mid Atlantic and Southeast.
Comments from EQT
海角吃瓜网淭his agreement further reinforces our commitment to provide safe, reliable, clean-burning natural gas to communities along the MVP route and we are thrilled to have RGC Midstream as a regional partner,海角吃瓜网� said Randy Crawford, chief operating officer, EQT Midstream Partners. 海角吃瓜网淩oanoke Gas has been proudly serving its customers across southwest Virginia for more than 130 years; and having access to one of the country海角吃瓜网檚 lowest-cost energy resources will stimulate economic development through new employment and manufacturing opportunities, and also provide a source of additional tax revenues.海角吃瓜网�
The pipeline
The MVP is an approximately 300 mile long, 42 in. dia. pipeline, with an estimated total project cost of US$3 - US$3.5 billion. Mountain Valley Pipeline, LLC expects to file a certificate application with the Federal Energy Regulatory Commission (FERC) later this month, and subject to approval by the FERC, the MVP is targeting a full in-service during 4Q18.
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