Mountain Valley Pipeline completion by end of year ‘unlikely’: EQM Midstream

摘要

While saying it is “unlikely” that EQM Midstream Partners will be able tobring its Mountain Valley Pipeline project online by the end of 2019,company officials nevertheless this week stuck to their guidancecalling for the project to be operating in the fourth quarter."There's no real change in our guidance. I think what we'reacknowledging is the passage of time," EQM Chairman, President andCEO Thomas Karam said during a joint conference call Tuesday withEquitrans Midstream, which owns the majority of EQM's outstandingunits. "Once you get past the headlines, we remain exceedinglyconfident and bullish around [Mountain Valley]."However, S&P Global Ratings anticipates that the 2-Bcf/d MVPwill come online around next June, while S&P Global Platts Analyticsestimates that the project will not be put into service before nextsummer at the earliest.