Williams makes final investment decision on Louisiana Energy Gateway project

  • Louisiana Energy Gateway will facilitate delivery of natural gas to Gulf Coast customers, including LNG terminals

  • Low-carbon infrastructure will expand Williams’ existing collection and processing footprint, supporting demand-driven volume growth

  • The project creates additional investment opportunities for carbon capture and storage as well as follow-on projects for increased access to the LNG market

TULSA, Okla., June 29, 2022–(BUSINESS WIRE)–Williams (NYSE: WMB) today announced that it has made a final investment decision on its clean energy project, the Louisiana Energy Gateway (LEG), which will collect 1.8 Bcf/ j of natural gas produced in the Haynesville Basin for delivery to high-end 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 enter service at the end of 2024.

“The Louisiana Energy Gateway is a key part of our low-carbon strategy, from wellhead to water, proving the important role natural gas can play in reducing emissions, reducing costs and providing safe and reliable power 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 freeing up capacity for Haynesville’s production growth and facilitating the delivery of next-generation gas to meet climate goals and 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 benefits to low carbon. of Haynesville natural gas produced and delivered.

“Williams is committed to integrating emerging technologies to deliver the next generation of natural gas. With LEG, we are excited to be able to offer an infrastructure solution that incorporates real-time emissions monitoring and reduction strategies. LEG is also ideally positioned to integrate carbon capture and storage as an additional decarbonization solution for natural gas production in the rapidly growing Haynesville Basin,” said Chad Zamarin, Senior Vice President, Strategic Business Development at Williams.

Earlier this year, Williams signed a memorandum of understanding with Quantum Energy Partners to form a joint venture that will see Quantum become an equity investor and partner in the project. The partnership combines Williams’ expertise as a leading developer and operator of clean energy infrastructure with Quantum’s capabilities as the world’s leading provider of private capital for the responsible energy and energy transition sectors and decarbonization.

About Williams

As the world demands reliable, low-cost, low-carbon energy, Williams (NYSE: WMB) will be there with the best transmission, storage and delivery solutions to reliably power the world’s economy. clean energy. Based in Tulsa, Oklahoma, Williams is a leading, investment-grade C-Corp with operations across the natural gas value chain, including gathering, processing, inter -States, the storage, wholesale marketing and trading of natural gas and natural gas liquids. With major positions in major U.S. supply basins, Williams connects the best supplies to growing demand for clean energy. Williams owns and operates more than 30,000 miles of system-wide pipelines — including Transco, the nation’s largest-volume and fastest-growing pipeline — and handles about 30% of the natural gas in the United States. States which is used every day for clean energy production, heating and industrial use. Learn how the company is leveraging its national footprint to integrate clean hydrogen, next-generation gas and other innovations at www.williams.com.

See the source version on businesswire.com: https://www.businesswire.com/news/home/20220629005249/en/


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