该投资组合中的焦点是从西弗吉尼亚州到弗吉尼亚州的 300 英里长的山谷输油管道，该输油管道在经过多年的建设法律纠纷后于今年 6 月投入使用。eqt corp and blackstone will form a new midstream joint venture, which will be composed of eqt's ownership of Mountain Valley Pipeline, Hammerhead Pipeline, and various FERC-regulated transmission and storage assets.
Equitrans midstream received word from the smart financial and economic app that eqt corp (EQT.US) stated that the private equity firm blackstone group (BX.US) has agreed to acquire its non-controlling interests in part of the natural gas pipelines for approximately $3.5 billion.
EQT and blackstone will form a new midstream joint venture, which will consist of EQT's ownership of the Mountain Valley pipeline, Hammerhead pipeline, and various FERC-regulated transmission and storage assets.
The focus of this investment portfolio is the 300-mile-long Valley Pipeline from West Virginia to Virginia, which started operating in June this year after years of construction-related legal disputes.
EQT states that it will retain the rights to growth projects related to the joint venture's assets, including the planned expansion of the Mountain Valley Pipeline and the MVP Southgate project.
This sale may help eqt corp pay off the debt accumulated after its $14 billion acquisition of pipeline operator Equitrans Midstream in July; the company anticipates that net debt by the end of this year will drop to approximately $9 billion.
