U.S. Army Corp of Engineers pulls Mountain Valley natgas pipeline permit in West Virginia

(Reuters) - The U.S. Army Corp of Engineers pulled a permit last week for EQT Midstream Partners LP’s Mountain Valley natural gas pipeline from West Virginia to Virginia that could delay the $3.5 billion project’s expected late 2018 in-service date.

“This is a big one,” Katie Bays, energy analyst at Height Capital Markets in Washington, DC, said in a report on Monday, noting “The loss of the (Nationwide Permit) is not easy to reconcile and could delay the project.”

The permit, known as Nationwide Permit (NWP) 12, authorizes Mountain Valley to discharge dredged and fill materials into several rivers, including the Gauley, Greenbrier and Elk, at 591 locations.

Officials at EQT Midstream were not immediately available for comment.

Read more: https://www.reuters.com/article/us-eqtmidstream-mountainvalley-natgas-pi/u-s-army-pulls-mountain-valley-natgas-pipeline-permit-in-west-virginia-idUSKCN1IU275