MVP Southgate pipeline startup seen in 2021 despite North Carolina setback

Aug. 12, 2020 3:41 PM ETEquitrans Midstream Corporation (ETRN)ETRNBy: Carl Surran, SA News Editor5 Comments
  • Equitrans Midstream (ETRN +1.4%) and the other companies developing the Mountain Valley Southgate natural gas pipeline expansion say they continue to target a 2021 startup for the project, even after North Carolina regulators denied a crucial water permit.
  • "Work on MVP is 92% complete and is targeted to enter service in early 2021," says a project spokesperson.
  • The North Carolina Department of Environmental Quality denied the permit yesterday due to uncertainty around whether Equitrans will complete the Mountain Valley Pipeline from West Virginia to Virginia; the Southgate project would extend the pipeline to delivery points in North Carolina.
  • The North Carolina rejection causes some analysts to question whether Equitrans will be able to finish Southgate by the end of 2021, if ever.

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