EQT Advances $750M Pipeline Projects to Expand appalachian Gas Reach
PITTSBURGH, PA – EQT Corporation is moving forward with approximately $750 million in pipeline projects designed to bolster natural gas takeaway capacity from teh prolific Marcellus and Utica shale plays in Appalachia, the company announced today. The investments aim to connect growing production with expanding demand centers and alleviate regional pipeline constraints.
The projects, collectively dubbed “Wheels and Deals,” include upgrades to existing pipelines and the construction of new lateral lines. EQT anticipates these initiatives will unlock approximately 600,000 Dth/d of incremental firm transportation capacity, primarily serving the growing data center market and LNG export facilities. This expansion is critical as Appalachian producers navigate persistent bottlenecks that have historically suppressed local gas prices.
“These strategic investments demonstrate EQT’s commitment to responsibly developing our natural gas resources and delivering them to markets that need them most,” said a company spokesperson. “by proactively addressing infrastructure limitations, we’re ensuring reliable and affordable energy for consumers while maximizing value for our shareholders.”
The projects are segmented into three key areas: the Ohio Gathering Project ($300 million),the West Virginia Expansion Project ($250 million),and the Pennsylvania Upgrade Project ($200 million). The Ohio Gathering Project will focus on expanding gathering infrastructure in Eastern Ohio, while the West Virginia Expansion will enhance transportation capabilities through the Mountain state.The Pennsylvania Upgrade will optimize existing pipeline assets to increase throughput.
These investments come as demand for natural gas continues to rise, especially from the burgeoning data center sector. East Daley Analytics’ Data Center Demand Monitor currently tracks nearly 500 US data center projects, highlighting the significant and growing energy needs of this industry. The Macro Supply & demand Report, which includes the Data Center Demand Monitor, provides critical insights into forecasting demand and identifying key pipeline corridors.
EQT expects the projects to be placed into service throughout 2024 and 2025, coinciding with anticipated increases in regional gas production and demand. The company’s proactive approach to infrastructure development positions it to capitalize on the evolving energy landscape and solidify its role as a leading natural gas producer.
