EQT Ordering Equipment to Expand MVP from 2.0 to 2.5 Bcf/d

Embedded in yesterday's EQT Corporation update for the second quarter was the news that EQT's plan to expand capacity along the existing 303-mile Mountain Valley Pipeline (MVP) from Wetzel County, WV, to Pittsylvania County, VA, is getting a "jumpstart" this year. One year ago, EQT announced a plan to expand capacity along MVP, from 2.0 billion cubic feet per day (Bcf/d) to 2.5 Bcf/d (see EQT’s Game Plan Changed – Keep MVP & Expand Extra 0.5 Bcf/d). During yesterday's quarterly conference call, EQT CEO Toby Rice stated that the open season is nearly concluded and the company is preordering equipment for the expansion.

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