Through its investment in EQM Midstream Partners, LP (EQM), Equitrans Midstream’s strategy is to leverage its existing pipeline and storage infrastructure systems by developing organic projects that will expand its footprint across the Appalachian Basin. These organic projects will primarily involve gathering and transporting natural gas supplies from the most prolific natural gas basin in North America; providing water and other midstream services to producers across the basin; and increasing access to local, regional, and national markets. Organic growth projects, in conjunction with ongoing asset optimization efforts, disciplined capital spending, and operating cost control, will be complemented by strategically aligned acquisition opportunities.
The Company’s primary assets, located in southwestern Pennsylvania, northern West Virginia, and southeastern Ohio, are uniquely positioned across the Marcellus, Utica, and Upper Devonian Shales. The Equitrans transmission and storage system provides flexibility to producers and marketers, as well as to on-system and off-system demand customers through its diverse supply, numerous storage pools, and interconnectivity to other pipeline systems. Likewise, EQM’s other midstream assets provide interconnectivity to even more takeaway options. Along with these existing asset connectivity options, additional contracted projects that are in the execution phase, including the MVP, MVP Southgate, and several pipeline extensions to in-basin power plants, will increase the strategic nature of EQM’s pipeline infrastructure system by accessing new and growing demand markets.