Biden, McCarthy debt deal would speed up Mountain Valley gas pipeline

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U.S. energy company Equitrans Midstream Corp's long-delayed $6.6 billion Mountain Valley natural gas pipeline could win federal approval as part of Washington's debt limit deal.

In early May, Equitrans said it couldthe pipe by the end of 2023, but noted "there remains significant risk and uncertainty, including regarding current and likely litigation."

When Mountain Valley construction started in February 2018, Equitrans estimated the 2-billion-cubic-feet-per-day project that stretches from West Virginia to Virginia would cost about $3.5 billion and enter service by late 2018. The pipeline, which would unlock gas supplies from Appalachia, the country's biggest shale gas basin, still needs review and permitting including in West Virginia. The project could still be held up or blocked by lawsuits from opponents.

 

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