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Sunday, November 27, 2022

Equitrans stops Pennsylvania pure fuel leak after 11 days (NYSE:ETRN)

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Equitrans Midstream (NYSE:ETRN) mentioned Friday it has stopped the pure fuel leak on the Rager Mountain storage facility in western Pennsylvania that launched greater than 1B cf of fuel in 11 days.

Equitrans (ETRN) mentioned its crews efficiently flooded the storage properly that was emitting fuel via a 1 5/8-inch vent.

The corporate had estimated the scale of the leak at 100M cf/day of fuel, which a Bloomberg evaluation mentioned equates to a complete vary of 15,800 to twenty,300 metric tons of methane.

The biggest recognized methane launch within the U.S. occurred in 2015-16 at Southern California Fuel’ Aliso Canyon storage facility in California, the place an estimated 97,100 tons leaked over a number of months.

The corporate mentioned Thursday that buyer nomination ranges have been being met, however it doesn’t but know when the Rager Mountain facility will return to full service.

Equitrans Midstream’s (ETRN) Mountain Valley Pipeline venture has been weighed by authorized setbacks this 12 months, however “all the things is shifting in favorably for [its] dividends,” Daniel Thurecht writes in an evaluation posted on Searching for Alpha.

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