EQT, NextEra to partner for natural gas pipeline to southeast markets


EQT Corp. (EQT +1.4%) and NextEra Energy (NEE +0.6%) say they are forming a joint venture to build a new 330-mile natural gas pipeline to connect the Marcellus and Utica shale supply to southeast U.S. markets.

The Mountain Valley pipeline will head from northern West Virginia to a point near the Virginia-North Carolina border, and will send along ~2B cf/day of natural gas when it comes online, probably in late 2018.

EQT will be the operator and majority owner of the project, which needs approval from the FERC.

EQM +0.6%.

From other sites
Comments (0)
Be the first to comment
DJIA (DIA) S&P 500 (SPY)
ETF Hub
ETF Screener: Search and filter by asset class, strategy, theme, performance, yield, and much more
ETF Performance: View ETF performance across key asset classes and investing themes
ETF Investing Guide: Learn how to build and manage a well-diversified, low cost ETF portfolio
ETF Selector: An explanation of how to select and use ETFs