Louisiana Energy Gateway to Facilitate Natural Gas Delivery to Gulf Customers, Including LNG Terminals
The low-carbon infrastructure will expand Williams’ existing footprint for collection and processing, supporting demand-driven volume growth
The project creates additional investment opportunities for carbon capture and storage, as well as projects to increase access to the LNG market
TULSA, Oklahoma, June 29, 2022— (BUSINESS WIRE) – Williams (NYSE: WMB) announced today that it has reached a final investment decision for its clean energy project, the Louisiana Energy Gateway (LEG), which will collect 1.8 Bcf / d of natural gas, produced in the Hainesville Basin for delivery to premium markets, including Transco, industrial markets and the growing demand for liquefied natural gas exports along the Gulf Coast. Williams intends to create opportunities for additional market access projects, as well as to develop a carbon capture and storage infrastructure that will further decarbonise the value chain of natural gas. The project is expected to be operational by the end of 2024.
“The Louisiana Energy Portal is a key component of our low-carbon, well-to-water strategy, proving the important role natural gas can play in reducing emissions, reducing costs and providing secure and reliable energy at home and around the world.” said Alan Armstrong, president and CEO of Williams. “Using our scale, value chain integration and unique capabilities, we are unlocking the capacity to grow production in Hainesville and facilitating next-generation gas supplies to meet the climate goals and energy needs of our customers and our country.” .
This Communication further supports Williams’ recently announced partnerships with Context Labs, Encino Environmental and Satlantis, whose technology solutions will be integrated into the project and allow the measurement of comprehensive, verifiable and transparent emission data to demonstrate the benefits of low carbon emissions. and delivered natural gas to Haynesville.
“Williams is committed to introducing emerging technologies to deliver the next generation of natural gas. With LEG, we are pleased to be able to offer an infrastructure solution that integrates real-time emission monitoring and emission reduction strategies. LEG is also in an ideal position to incorporate carbon capture and storage as an additional decarbonization solution for natural gas production in Hainesville’s fast-growing basin, “said Chad Zamarin, senior vice president, Corporate Strategic Development for Williams.
Earlier this year, Williams signed a Memorandum of Understanding with Quantum Energy Partners to set up a joint venture that would allow Quantum to become a stock investor and project partner. The partnership combines Williams’ experience as a leading developer and operator of clean energy infrastructure with Quantum’s capabilities as a leading global provider of private equity in the sectors of responsible energy supply and energy transition and decarbonisation.
Because the world requires reliable, cheap, and low-carbon energy, Williams (NYSE: WMB) will be there with the best transportation, storage, and delivery solutions to reliably fuel the clean energy economy. Headquartered in Tulsa, Oklahoma, Williams is an industry-leading C-Corp investment grade with operations throughout the natural gas value chain, including collection, processing, interstate transportation, storage, wholesale and wholesale of natural gas and liquefied natural gas. gas. With key positions in the best supply pools in the United States, Williams associates the best supply with the growing demand for clean energy. Williams owns and operates more than 30,000 miles of pipelines across a wide system – including Transco, the largest and fastest-growing pipeline – and processes approximately 30 percent of the natural gas in the United States used daily to produce clean energy, heating and industrial use. Learn how the company uses its national footprint to incorporate pure hydrogen, next-generation gas and other innovations at www.williams.com.
See the original version of businesswire.com: https://www.businesswire.com/news/home/20220629005249/en/
CONTACT WITH INVESTORS: