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
- Enbridge Plans 86-Mile Pipeline Expansion, Bringing 850 Workers to Northern B.C.
- Intensity, Rainbow Energy to Build 344-Mile Gas Pipeline Across North Dakota
- U.S. Moves to Block Enterprise Products’ Exports to China Over Security Risk
- 208-Mile Mississippi-to-Alabama Gas Pipeline Moves Into FERC Review
- Strike Pioneers First-of-Its-Kind Pipe-in-Pipe Installation on Gulf Coast with Enbridge
- U.S. Pipeline Expansion to Add 99 Bcf/d, Mostly for LNG Export, Report Finds
- A Systematic Approach To Ensuring Pipeline Integrity
- 275-Mile Texas-to-Oklahoma Gas Pipeline Enters Open Season
- LNG Canada Start-Up Fails to Lift Gas Prices Amid Supply Glut
- Kinder Morgan Gas Volumes Climb as Power, LNG Demand Boost Pipeline Business
Comments