Equitrans to Complete Mountain Valley Pipeline in 2023, Shares Soar

U.S. Senator Joe Manchin said Aug. 1 that he secured a commitment from President Joe Biden, Senate Majority Leader Chuck Schumer and House of Representatives Speaker Nancy Pelosi to allow the long-delayed Mountain Valley to be completed.

Scott DiSavino, Reuters

U.S. energy company Equitrans Midstream Corp. still expects to complete the $6.6 billion Mountain Valley natural gas pipeline from West Virginia to Virginia in the second half of 2023, the company said on Aug. 2.

That follows news on Aug. 1 that Democratic U.S. Senator Joe Manchin secured a commitment from President Joe Biden, Senate Majority Leader Chuck Schumer and House of Representatives Speaker Nancy Pelosi to allow the long-delayed Mountain Valley to be completed.

Manchin’s deal and the announcement boosted Equitrans shares over 10% to a three-month high of $8.72 on Aug. 2.

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