Currents - Energy Industry Insights: Issue 40, October 2019 #5

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Expenses and Delays Continue for Mountain Valley Pipeline, Where Work has Halted Again -

"The pipeline’s developers announced that construction now isn’t expected to concluded until late next year at a cost of $5.3 to $5.5 billion because key aspects of the giant project have been challenged by federal regulators and in the court system."

Why this is important: Mountain Valley Pipeline, the EQM Midstream Partners project to move West Virginia natural gas 303 miles into southern Virginia, has been delayed again by a mid-October order of the Federal Energy Regulatory Commission requiring a halt to construction, following a recent ruling of the U.S. Court of Appeals for the Fourth Circuit granting a stay on a key permit....

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DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

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