Williams Reaches Final Investment Decision on Louisiana Energy Gateway Project
June 29 2022 - 7:30AM
Business Wire
- Louisiana Energy Gateway will facilitate delivery of natural
gas to Gulf Coast customers including LNG terminals
- Low carbon infrastructure will expand Williams’ existing
gathering and processing footprint, supporting demand driven volume
growth
- Project creates additional investment opportunities for carbon
capture and storage as well as follow on projects for increased LNG
market access
Williams (NYSE: WMB) today announced that it has reached a final
investment decision on its clean energy project, the Louisiana
Energy Gateway (LEG), which will gather 1.8 Bcf/d of natural gas
produced in the Haynesville basin for delivery to premium markets,
including Transco, industrial markets and growing LNG export demand
along the Gulf Coast. Williams intends to create opportunities to
pursue additional market access projects as well as develop carbon
capture and storage infrastructure that will further decarbonize
the natural gas value chain. The project is expected to go into
service in late 2024.
“The Louisiana Energy Gateway is a key component of our low
carbon, wellhead to water strategy, proving up what an important
role natural gas can play in reducing emissions, lowering costs and
providing secure and reliable energy at home and around the world,”
said Alan Armstrong, president and CEO of Williams. “By leveraging
our scale, value chain integration and unique capabilities, we are
unlocking capacity for Haynesville production growth and
facilitating the delivery of next gen gas to meet the climate goals
and the energy needs of our customers and our country.”
This announcement further supports Williams’ recently announced
partnerships with Context Labs, Encino Environmental and Satlantis,
whose technology solutions will be integrated into the project and
will enable the measurement of end-to-end, verifiable and
transparent emissions data to demonstrate the low carbon benefits
of produced and delivered Haynesville natural gas.
“Williams is committed to incorporating 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 emissions monitoring and emissions reduction
strategies. LEG is also ideally positioned to incorporate carbon
capture and storage as a further decarbonizing solution for natural
gas production in the rapidly growing Haynesville 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 form a joint venture that will
enable Quantum to become an equity investor and partner in the
project. The partnership brings together Williams’ expertise as a
leading developer and operator of clean energy infrastructure with
Quantum’s abilities as a leading global provider of private capital
to the responsibly sourced energy and energy transition &
decarbonization sectors.
About Williams
As the world demands reliable, low-cost, low-carbon energy,
Williams (NYSE: WMB) will be there with the best transport, storage
and delivery solutions 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, storage, wholesale marketing and trading 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. Learn how the company is leveraging its nationwide
footprint to incorporate clean hydrogen, next generation gas and
other innovations at www.williams.com.
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INVESTOR CONTACT: Danilo Juvane 918-573-5075
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