Grace period allows the company to make the due payments within 30 days to avoid a formal default.
Equitrans said that the 1.6 Bcf/d Hammerhead pipeline was, however, placed in-service on Aug. 1, after being completed and injected with initial line-pack—gas stored in a pipeline—provided by EQT in July.
Dominion Energy and Duke Energy canceled their $8 billion Atlantic Coast Pipeline project on July 5. One day later, a judge ordered the Dakota Access Pipeline to shut down. Even in a profoundly difficult year like 2020, these were tough days. But is the outlook for the midstream sector as bleak as it seemed at midyear? Perhaps not.