PITTSBURGH--(BUSINESS WIRE)--EQT Midstream Partners, LP (NYSE: EQM) today announced that the Ohio Valley Connector began natural gas transportation service from northern West Virginia to Clarington, Ohio on October 1, 2016. The 37-mile pipeline, an extension of the existing Equitrans system, was certificated by the Federal Energy Regulatory Commission at approximately 850 MMcf per day total capacity and is backed by a 20-year transportation service agreement with EQT Energy, LLC, an affiliate of EQT Corporation, for 650 MMcf per day of firm transmission capacity. The Ohio Valley Connector is expected to be accepting full nominations following a standard operational ramp-up period.
“The completion of the Ohio Valley Connector enhances our extensive Appalachian pipeline network and provides our customers with additional market diversity by offering access to growing demand markets in the Midwest,” said Randy Crawford, Chief Operating Officer for EQT Midstream Partners. “Our transmission and storage system now connects with all the major interstate pipelines in the Basin and offers shippers multiple options to meet their transportation needs. The Ohio Valley Connector is another example of our ability to strategically expand our pipeline footprint and create value for our unitholders by investing in projects that earn attractive returns.”
The Ohio Valley Connector utilizes two new compressor stations with approximately 40,000 hp combined – the Corona Station in Wetzel County, West Virginia and the Plasma Station in Monroe County, Ohio – and connects with the existing Equitrans Mainline and Sunrise Transmission System and the Rockies Express pipeline, as well as planned interconnects with the Texas Eastern Transmission line and Rover Pipeline project.
About EQT Midstream Partners:
EQT Midstream Partners, LP is a growth-oriented limited partnership formed by EQT Corporation to own, operate, acquire, and develop midstream assets in the Appalachian Basin. The Partnership provides midstream services to EQT Corporation and third-party companies through its strategically located transmission, storage, and gathering systems that service the Marcellus and Utica regions. The Partnership owns 737 miles and operates an additional 200 miles of FERC-regulated interstate pipelines; and also owns more than 1,600 miles of high- and low-pressure gathering lines.
Visit EQT Midstream Partners, LP at www.eqtmidstreampartners.com.
Disclosures in this news release contain certain forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended, and Section 27A of the Securities Act of 1933, as amended. Statements that do not relate strictly to historical or current facts are forward-looking. Without limiting the generality of the foregoing, forward-looking statements contained in this news release specifically include the expectations of plans, strategies, objectives and growth and anticipated financial and operational performance of EQM, including guidance regarding the anticipated date by which the Ohio Valley Connector will start accepting full nominations. The forward-looking statements included in this news release involve risks and uncertainties that could cause actual results to differ materially from projected results. Accordingly, investors should not place undue reliance on forward-looking statements as a prediction of actual results. EQM has based these forward-looking statements on current expectations and assumptions about future events. While EQM considers these expectations and assumptions to be reasonable, they are inherently subject to significant business, economic, competitive, regulatory and other risks and uncertainties, many of which are difficult to predict and beyond EQM’s control. The risks and uncertainties that may affect the operations, performance and results of EQM’s business and forward-looking statements include, but are not limited to, those set forth under Item 1A, “Risk Factors” of EQM’s Form 10-K for the year ended December 31, 2015 as filed with the SEC, as may be updated by any subsequent Form 10-Qs. Any forward-looking statement speaks only as of the date on which such statement is made, and EQM does not intend to correct or update any forward-looking statement, whether as a result of new information, future events or otherwise.