Mountain Valley Pipeline Secures New Gas Shipper Commitment with Con Edison, Northeast U.S.
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Mountain Valley Pipeline, LLC and Consolidated Edison, Inc. intend to deliver natural gas to industrial and consumer end-use markets located in the growing demand areas of the northeast United States through a 20-year transportation agreement with Consolidated Edison Company of New York, Inc. (Con Edison) for 250,000 dekatherms per day of firm capacity on Mountain Valley Pipeline (MVP).
Con Edison also agreed to a 20-year firm transportation agreement for 250,000 dekatherms per day on the Equitrans system, located in northern West Virginia and southwestern Pennsylvania, providing more direct access to supply resources upstream of MVP.
“Con Edison is responsible for obtaining low-cost, reliable supply to meet its gas customers’ needs. The MVP and Equitrans capacity agreements allow customers to achieve significant savings,” said Ivan Kimball, VP of Energy Management, Con Edison.
With the rapid development and vast supply of natural gas in the Appalachian region, the strategic design of the MVP will extend from the Equitrans transmission system in Wetzel County, West Virginia, to Transcontinental Gas Pipeline Company’s (Transco) Zone 5 compressor station 165 in Pittsylvania County, Virginia.
The MVP is expected to provide at least two million dekatherms per day of firm transmission capacity and has secured commitments at 20-year terms for this amount, which will support communities along the route, as well as the growing demand markets of the Mid-Atlantic and Southeast regions of the United States.
“Con Edison is a well-respected utility company that has been serving its northeast customers for more than 190 years and we are thrilled to have them as a partner with Mountain Valley Pipeline. Their participation further validates the need for supply diversification, which is offered through MVP’s access to one of our Country’s largest and lowest-cost energy resources,” said Randy Crawford, chief operating officer, EQT Midstream Partners.
“The MVP project addresses Appalachian infrastructure limitations and, more importantly, offers supply diversity to meet the increasing demand for safe, reliable natural gas by both consumer and industrial markets,” added Crawford.
About Mountain Valley Pipeline
The Mountain Valley Pipeline (MVP) is a proposed underground, interstate natural gas pipeline system that spans approximately 300 miles from northwestern West Virginia to southern Virginia. Subject to approval and regulatory oversight by the Federal Energy Regulatory Commission, the MVP will be constructed and owned by Mountain Valley Pipeline, LLC – a joint venture of EQT Midstream Partners, LP; NextEra US Gas Assets, LLC; Con Edison Gas Midstream, LLC; WGL Midstream; Vega Midstream MVP LLC; and RGC Midstream, LLC. The MVP was 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. Targeting a full in-service of late 2018, EQT Midstream Partners, primary interest owner, will operate the pipeline. From planning and development, to construction and in-service operation – MVP is dedicated to the safety of its communities, employees, and contractors; and to the preservation and protection of the environment.
To stop by MVP’s website, CLICK HERE
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