Equitrans Midstream Corp. announced that it has completed the previously announced spin-off from EQT Corp.
ETRN’s strategy will focus on leveraging existing pipeline and storage infrastructure systems by developing organic growth projects that will expand its footprint across the Appalachian Basin with delivery to major demand markets. These organic projects will primarily involve gathering and transporting natural gas supplies from the most prolific natural gas basin in North America; increasing access to local, regional, and national markets; and providing water and other midstream services to producers across the basin. Additionally, ETRN’s ongoing asset optimization efforts, disciplined capital spending, and operating cost control will create meaningful value for ETRN shareholders.
Through its ownership interests in EQGP and EQM, ETRN’s assets, located in southwestern Pennsylvania , northern West Virginia , and southeastern Ohio, are uniquely positioned across the Marcellus and Utica Shales. The Equitrans transmission and storage system provides flexibility to producers and marketers, as well as to demand customers through its diverse supply, numerous storage pools, and interconnectivity to other pipeline systems. Along with existing asset connectivity options, additional projects that are backed by firm commitments are currently underway. These projects include the Mountain Valley Pipeline, MVP Southgate, and several pipeline extensions to in-Basin power plants – all of which will increase the strategic nature of ETRN’s pipeline infrastructure system by accessing new and growing demand markets.