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MVP Completion Target Delayed Again as Costs Rise

Source: Energy Intelligence, November 9, 2020

Equitrans Midstream has bowed to environmentalist pressure once again, announcing in a Nov. 3 earnings call that it will delay opening Mountain Valley Pipeline (MVP) until the second half of 2021. Officials also pumped up the gas line’s estimated cost to as much as $6 billion — $2.3 billion more than its original budget.
MVP’s travails are considered a cautionary tale by the sector that realizes it could be the last gas transportation project built in the Northeast or Mid-Atlantic due to roadblocks that have derailed a number of projects — most recently Dominion Energy’s 600 mile, 1.5 billion cubic feet per day Atlantic Coast Pipeline (NGW Aug.10’20).