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MVP Gets a Boost from Growing Southeast Demand

Natural Gas, Northeast, The Daley Note

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EQT has upgraded its plans for a compression expansion on Mountain Valley Pipeline (MVP). The project, dubbed MVP Boost, was initially expected to add 500 MMcf/d of capacity, but the owner upsized it to 600 MMcf/d following strong interest in an open season.

In a project filing with the Federal Energy Regulatory Commission (FERC), MVP revealed that the shippers backing the expansion are Duke Energy (275 MMcf/d), Public Service Company of North Carolina (125 MMcf/d) and Virginia Power (200 MMcf/d). The companies have all signed long-term contracts at negotiated rates for the new capacity. EQT said the open season received over 1 Bcf/d of interest from potential counterparties.

The expansion will take MVP’s capacity to 2.6 Bcf/d from its current 2.0 Bcf/d and serve growing gas demand in Virginia and North Carolina. The project will add a new compressor station to MVP’s mainline in Montgomery County, VA and make upgrades to three existing compressor stations. MVP expects to begin construction in winter 2026-27 and is targeting in-service in mid-2028.

MVP is currently flowing around 1.5 Bcf/d from West Virginia’s northern Marcellus/Utica production area to Station 165 on the Transcontinental pipeline (Transco) in southern Virginia. MVP was placed into service in the summer of 2024 following years of legal battles. Flows on the pipeline have been seasonal through the first year and a half of operations, hitting peak capacity in January and February ’25 but decreasing during the spring shoulder season (see figure).

Downstream constraints on Transco limit how much gas can currently flow on MVP, but Transco’s Southeast Supply Enhancement project is expected to add 1.6 Bcf/d of additional capacity once it enters service in late 2027, alleviating those constraints. – Ian Heming Tickers: EQT.

 

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