Mountain Valley Pipeline to seek new permits, boosting cost
ROANOKE, Va. (AP) — Mountain Valley Pipeline will seek new permits that courts have rejected twice, increasing the cost for the proposed natural gas pipeline that would run through Virginia and West Virginia and delaying its completion, officials said Tuesday.
Equitrans Midstream Corp., the lead partner in the pipeline project, outlined the latest plan in a conference call with financial analysts on Tuesday, The Roanoke Times reported. The pipeline’s cost is now projected to be $6.6 billion and its completion would be delayed to 2023.
“After engaging with the federal agencies and evaluating all options, we believe the best path forward for MVP’s completion is to pursue new permits,” said Thomas Karam, chairman and chief executive officer of the Pittsburgh company.
Four other energy companies, including a subsidiary of Roanoke Gas Co., are building the 303-mile (487-kilometer) pipeline that would transport natural gas drilled from the Marcellus and Utica shale formations through West Virginia and Virginia.
“We are still all lockstep in agreement with our partners in terms of the path forward and what our costs will be,” Diana Charletta, Equitrans’ president and chief operating officer, said during the call.