Williams Announces Gulf Connector Project Placed Into Service
TULSA, Okla.--(BUSINESS WIRE)--Jan 4, 2019--Williams (NYSE: WMB) today announced that its Gulf Connector Project has been placed into full service, further connecting its Transco pipeline – the largest-volume interstate natural gas pipeline in the U.S. - with global liquefied natural gas (LNG) markets.
The Gulf Connector Project expands the Transco pipeline’s delivery capacity by 475 million cubic feet per day (MMcf/d), providing service to Cheniere Energy’s Corpus Christi liquefaction terminal and Freeport LNG Development, L.P.’s liquefaction project.
“Since 2017, Williams has now added more than two billion cubic feet per day of capacity to directly serve global LNG export facilities,” said Alan Armstrong, president and chief executive officer of Williams. “Projects like Gulf Connector, which leverage existing gas pipeline infrastructure, make it possible to connect abundant domestic supply with emerging international markets, giving a boost to the U.S. economy while helping meet the world’s increasing demand for clean energy.”
Williams is well-positioned to take advantage of the projected surge in LNG demand growth, as its Transco pipeline passes through every U.S. state with an LNG export facility currently under construction. Natural gas demand to serve LNG export facilities along the Transco pipeline corridor is expected to grow by approximately 11 billion cubic feet per day (Bcf/d) by 2025.
Gulf Connector is Williams’ second project designed to serve Gulf Coast LNG terminals. In February 2017, Williams placed into service its Gulf Trace Project, providing 1.2 Bcf/d to Cheniere Energy’s Sabine Pass Liquefaction project in Cameron Parish, Louisiana.
Train one of Cheniere Energy’s Corpus Christi liquefaction terminal began commissioning in August 2018 with completion estimated in Q1 2019. The first three trains, in commissioning and under construction, will have a liquefaction capacity of 13.5 million tons per annum (mtpa). Train one of Freeport LNG export terminal is expected to enter commercial operation in Q3 2019. The Freeport facility has three liquefaction trains under construction with an export capacity of over 15 mtpa.
Transco is the nation’s largest-volume interstate natural gas pipeline system. It delivers natural gas to customers through its approximately 10,000-mile pipeline network whose mainline extends nearly 1,800 miles between South Texas and New York City. The system is a major provider of cost effective natural gas services that reach U.S. markets in 12 Southeast and Atlantic Seaboard states, including major metropolitan areas in New York, New Jersey and Pennsylvania.
Williams (NYSE: WMB) is a premier provider of large-scale infrastructure connecting U.S. natural gas and natural gas products to growing demand for cleaner fuel and feedstocks. Headquartered in Tulsa, Okla., Williams is an industry-leading, investment grade C-Corp with operations across the natural gas value chain including gathering, processing, interstate transportation and storage of natural gas and natural gas liquids. With major positions in top U.S. supply basins, Williams owns and operates more than 33,000 miles of pipelines system wide – including Transco, the nation’s largest volume and fastest growing pipeline – providing natural gas for clean-power generation, heating and industrial use. Williams’ operations handle approximately 30 percent of U.S. natural gas. www.williams.com
Portions of this document may constitute “forward-looking statements” as defined by federal law. Although the company believes any such statements are based on reasonable assumptions, there is no assurance that actual outcomes will not be materially different. Any such statements are made in reliance on the “safe harbor” protections provided under the Private Securities Reform Act of 1995. Additional information about issues that could lead to material changes in performance is contained in the company’s annual and quarterly reports filed with the Securities and Exchange Commission.
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KEYWORD: UNITED STATES NORTH AMERICA OKLAHOMA
INDUSTRY KEYWORD: ENERGY OIL/GAS
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PUB: 01/04/2019 11:45 AM/DISC: 01/04/2019 11:45 AM