MVP Delay to 2022 Spells More Trouble for M-U Gas Prices

| | | | |
Two weeks ago we brought you the sad news that completion and startup for Equitrans' 303-mile Mountain Valley Pipeline (MVP) and the company's 75-mile extension to it called MVP Southgate will now be delayed until 2022 and 2023 respectively (see Equitrans Delays MVP & Southgate In-Service Dates to 2022 & 2023). The delays are due to frivolous lawsuits brought by foreign-money-backed Big Green groups including the Sierra Club. The delay is, according to RBN Energy, creating a shortage of takeaway capacity in the Marcellus/Utica region and keeping prices for natgas in the M-U low.

To view this content, log into your member account. (Not a member? Join Today!)