Williams Completes Gateway Expansion Project Ahead of Schedule to Help Serve Growing Demand for Natural Gas in Northeastern U...
December 31 2019 - 4:30PM
Business Wire
Williams (NYSE: WMB) announced today that it has successfully
placed into full service its Gateway Expansion Project –
approximately 11 months ahead of schedule – to meet growing natural
gas demand for New Jersey tri-state area consumers in time for the
2019-2020 winter heating season.
The Gateway Expansion Project is an expansion of the existing
Transco pipeline system, providing 65,000 dekatherms per day of
incremental firm transportation capacity to serve PSEG Power, LLC
and UGI Energy Services, LLC. Expedited project execution and
construction in close coordination with Williams’ customers
contributed to the early in-service date.
The project provides gas supply capacity to meet the daily home
heating, hot water and cooking needs of about 280,000 homes. This
is equivalent to removing approximately 590,000 metric tons per
year of greenhouse gas emissions as a result of converting heating
oil to natural gas. Switching to natural gas is estimated to
provide savings of $1,460 per year per household compared to
heating oil.
“Natural gas plays an important role in helping to address
environmental concerns about air quality and climate change,” said
Alan Armstrong, President and Chief Executive Officer of Williams.
“The Gateway Expansion Project is a great example of how affordable
natural gas can help New Jersey meet its clean energy goals, and
I’m very proud of our team for their focus and careful execution of
this project, which enabled us to exceed our customers’
expectations and deliver in a safe and environmentally responsible
manner.”
Construction on the Gateway Expansion Project began in early
2019, with an original in-service projection of November 2020. The
project minimized community and environmental impacts by maximizing
the utilization of existing pipeline infrastructure, with virtually
all project activities confined to Transco’s existing footprint in
New Jersey.
With this expansion, the Transco pipeline’s system-design
capacity is increased to 17.3 million dekatherms per day. The
system includes approximately 10,000 miles of pipeline 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
Southeastern and Atlantic Seaboard states, including major
metropolitan areas in New York, New Jersey and Pennsylvania.
Williams recognizes the important role natural gas plays in
addressing environmental concerns regarding air quality and climate
change, particularly when it comes to displacing or providing
alternatives to more polluting fuels. Natural gas is a flexible,
lower-emission fuel compared to other hydrocarbons such as coal or
heating oil. And, because the U.S. has an abundant supply of
natural gas, using this local, cleaner resource has significantly
reduced U.S. emissions. As one of the nation’s largest gatherers,
processors and transporters of natural gas, Williams plays a
critical role in bringing this clean and affordable resource to
electric generation, industry and homes, resulting in cleaner
air.
About Williams
Williams (NYSE: WMB) is committed to being the leader in
providing infrastructure that safely delivers natural gas products
to reliably fuel the clean energy economy. Headquartered in Tulsa,
Oklahoma, 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 connects the best supplies with the
growing demand for clean energy. Williams owns and operates more
than 30,000 miles of pipelines system wide – including Transco, the
nation’s largest volume and fastest growing pipeline – and handles
approximately 30 percent of the natural gas in the United States
that is used every day for clean-power generation, heating and
industrial use. 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.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20191231005192/en/
MEDIA: media@williams.com (800) 945-8723
INVESTOR CONTACTS: Brett Krieg (918) 573-4614
Grace Scott (918) 573-1092
Williams Companies (NYSE:WMB)
Historical Stock Chart
From Mar 2024 to Apr 2024
Williams Companies (NYSE:WMB)
Historical Stock Chart
From Apr 2023 to Apr 2024