EQT Corp. will increase its ownership in the Mountain Valley Pipeline.
The Pittsburgh-based natural gas producer, which got back partial ownership in the signature pipeline when it acquired Equitrans Midstream Corp. in 2024, said it and its joint venture partner Blackstone Credit & Insurance would exercise an option to acquire part of Con Edison’s MVP Mainline and MVP Boost, which is a compression project, for about $115 million of the total $213 million cost.
The option was exercised Jan. 2, and the deal will close in the first half of the year.
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