Equitrans Midstream Corporation and EQM Midstream Partners Support Industry Efforts to Continue Reducing Methane Emissions
September 25 2019 - 7:00AM
Business Wire
Equitrans Midstream Corporation (NYSE: ETRN) and EQM Midstream
Partners, LP (NYSE: EQM) support the U.S. oil and gas industry's
ongoing efforts to reduce methane emissions and; therefore,
respectfully oppose the U.S. Environmental Protection Agency's
(EPA) proposed rollback of methane regulations.
"Americans have worked to increase production of our domestic
oil and gas resources and provide safe transportation to supply our
nation with reliable, cost-effective energy; and we believe methane
controls and reduction should continue to evolve, rather than take
steps backward," said Diana Charletta, president and chief
operating officer of Equitrans Midstream. "Our industry has made
great strides during the past decade, with the U.S. EPA's April
2019 inventory report showing total methane emissions are down
15.8% since 1990. While this is a good start, we cannot and should
not be satisfied with this achievement. We must continue to push
our industry forward in a meaningful way in order to effectuate
real mitigation of climate change impacts.
"Methane is the most significant component of the gas that we
move for our customers – from the point of extraction, to
processing, and ultimately to business and residential consumers;
therefore, we must be accountable and responsible for
understanding, assessing, and improving our methane management
practices," Charletta continued.
ETRN and EQM acknowledge that it is not enough to achieve
regulatory compliance on methane emissions in order to address the
global impacts of climate change. They proactively pursue the
implementation of best practices and recognize that reducing their
overall carbon footprint and mitigating their operational impact is
imperative for the sustainability of the environment, their
communities, and their business.
As a member of the Interstate Natural Gas Association of America
(INGAA), ETRN and other member companies work with regulators to
ensure that natural gas pipelines, compressor stations, and storage
facilities are designed and built safely and operate in ways that
minimize methane emissions.
ETRN and EQM currently utilize various methane mitigation
methods across their operations and are evaluating additional
enhancement and mitigation efforts, such as: expansion of the Leak
Detection and Repair (LDAR) program; pneumatic controller upgrades;
recompression of pipeline gas prior to maintenance procedures; and
upgrading existing stations with air or electric starts.
During the second quarter of 2019, ETRN joined the Environmental
Partnership – a voluntary reduction program offered through the
American Petroleum Institute and the ONE Future Coalition, which is
a group of natural gas companies working together to voluntarily
reduce methane emissions across the natural gas supply chain, with
a goal to lower emissions to 1% by 2025.
Along with creating American jobs; generating local, state, and
federal tax revenues; and growing the U.S. economy – the oil and
gas industry continues to responsibly produce and deliver domestic
energy resources in order to sustain our energy independence. ETRN
and EQM urge the U.S. EPA to reconsider its proposed changes to
methane emissions regulations.
About Equitrans Midstream Corporation
Equitrans Midstream Corporation (ETRN) has a premier asset
footprint in the Appalachian Basin and is one of the largest
natural gas gatherers in the United States. With a rich 135-year
history in the energy industry, ETRN was launched as a standalone
company in 2018 and, through its subsidiaries, has an operational
focus on gas gathering systems, transmission and storage systems,
and water services assets that support natural gas producers across
the Basin. ETRN is helping to meet America’s growing need for
clean-burning energy, while also providing a rewarding workplace
and enriching the communities where its employees live and work.
ETRN owns the non-economic general partner interest and a majority
ownership of the limited partner interest in EQM Midstream
Partners, LP.
For more information on Equitrans Midstream Corporation, visit
www.equitransmidstream.com
About EQM Midstream Partners:
EQM Midstream Partners, LP (EQM) is a growth-oriented limited
partnership formed to own, operate, acquire and develop midstream
assets in the Appalachian Basin. As one of the largest gatherers of
natural gas in the United States, EQM provides midstream services
to producers, utilities, and other customers through its
strategically located natural gas transmission, storage, and
gathering systems, and water services to support energy development
and production in the Marcellus and Utica regions. EQM owns
approximately 950 miles of FERC-regulated interstate pipelines and
also owns and/or operates approximately 2,400 miles of high- and
low-pressure gathering lines.
For more information on EQM visit
www.eqm-midstreampartners.com
Source: Equitrans Midstream Corporation
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version on businesswire.com: https://www.businesswire.com/news/home/20190925005185/en/
Analyst/Investor inquiries: Nate Tetlow — Vice President,
Corporate Development and Investor Relations 412-553-5834
ntetlow@equitransmidstream.com
Media inquiries: Natalie A. Cox — Director, Corporate
Communications 412-395-3941 ncox@equitransmidstream.com
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