Williams to Invest $1.6 Billion in Natural Gas, Power Infrastructure Expansion
(P&GJ) — Williams Companies has unveiled plans for a $1.6 billion investment to build onsite natural gas and power infrastructure for an unnamed investment-grade client, according to Yahoo Finance. The project aims to bolster energy availability in areas facing grid constraints and is expected to be operational by late 2026.
This initiative marks a strategic move for Williams as it ventures further into power generation. With rising energy demands, particularly from artificial intelligence and data centers, the company is positioning itself to leverage its extensive natural gas network, which already facilitates a significant portion of U.S. supply.
Under the agreement, Williams will develop and supply natural gas and power infrastructure, contingent on securing necessary permits. The project includes a 10-year power purchase agreement with a fixed-price structure, offering financial predictability by reducing exposure to market fluctuations.
Related News
Related News
- 1,000-Mile Pipeline Exit Plan by Hope Gas Alarms West Virginia Producers
- Valero Plans to Shut California Refinery, Takes $1.1 Billion Hit
- Three Killed, Two Injured in Accident at LNG Construction Site in Texas
- Boardwalk’s Texas Gas Launches Open Season for 2 Bcf/d Marcellus-to-Louisiana Pipeline Expansion
- Traverse Pipeline Approved to Move 1.75 Bcf/d of Gas Along 160-Mile South Texas–Katy Route
- New Alternatives for Noise Reduction in Gas Pipelines
- Construction Begins on Ghana's $12 Billion Petroleum Hub, But Not Without Doubts
- DOE Considers Cutting Over $1.2 Billion in Carbon Capture Project Funding
- Valero Plans to Shut California Refinery, Takes $1.1 Billion Hit
- Newsom Seeks to Aid Struggling Refiners Following Valero’s California Exit
Comments