Williams Partners Expands Pipeline Capacity to Deliver Natural Gas to Cheniere’s LNG Export Facility at Sabine Pass
February 01 2017 - 4:15PM
Business Wire
Williams Partners L.P. (NYSE: WPZ) announced today that it has
successfully placed into service its Gulf Trace project, a 1.2
million dekatherm per day expansion of the Transco pipeline system
to serve the Cheniere Energy Partners, L.P. (NYSE: CQP) Sabine Pass
Liquefaction export terminal in Cameron Parish, La.
The Sabine Pass liquefaction terminal is the first large-scale
LNG export facility in operation in the United States.
The Gulf Trace project allows Transco’s production area mainline
and southwest Louisiana lateral systems to flow gas
bi-directionally from Station 65 in St. Helena Parish, La. to
Cameron Parish, La. Cheniere has subscribed to all the firm
capacity for the project.
“Projects like Gulf Trace, which leverage existing gas pipeline
infrastructure, make it possible to connect abundant domestic
supply with emerging international markets,” said Rory Miller,
senior vice president of Williams Partners’ Atlantic-Gulf operating
area. “Williams is well-positioned to take advantage of the
projected surge in LNG demand growth, with our Transco pipeline
passing through every U.S. state with an LNG export facility
currently under construction.”
Natural gas demand to serve LNG export facilities along the
Transco pipeline is expected to grow by approximately 11,000 MDth/d
by 2025. In September 2016 the company filed an application seeking
regulatory approval for its Gulf Connector Expansion Project,
designed to deliver 475,000 dekatherms per day to feed two
liquefied natural gas export terminals in Texas — one located on
the northern coast of Corpus Christi Bay in 2019, and another
located on the coast of Freeport Bay in the second half of
2018.
Gulf Trace is part of approximately $1.6 billion in transmission
growth projects Williams Partners plans to bring into service on
its Transco pipeline system in 2017 that will help increase the
pipeline’s capacity by approximately 3.0 million dekatherms per
day. The Garden State, Dalton, Hillabee (Phase 1), Virginia
Southside II and New York Bay Expansion projects are all under
construction and/or expected to be placed in-service this year.
Transco is a wholly owned subsidiary of Williams Partners, of
which Williams (NYSE: WMB) owns controlling interests. Transco is
the nation’s largest and fastest-growing interstate natural gas
transmission pipeline system. It delivers natural gas to customers
through its 10,200-mile pipeline network whose mainline extends
nearly 1,800 miles between South Texas and New York City. The
system provides cost-effective natural gas services to U.S. markets
in the Southeast and Atlantic seaboard states, including major
metropolitan areas in New York, New Jersey and Pennsylvania, as
well as international markets.
About Williams Partners
Williams Partners is an industry-leading, large-cap natural gas
infrastructure master limited partnership with a strong growth
outlook and major positions in key U.S. supply basins. Williams
Partners has operations across the natural gas value chain from
gathering, processing and interstate transportation of natural gas
and natural gas liquids to petchem production of ethylene,
propylene and other olefins. Williams Partners owns and operates
more than 33,000 miles of pipelines system wide – including the
nation’s largest volume and fastest growing pipeline – providing
natural gas for clean-power generation, heating and industrial use.
Williams Partners’ operations touch approximately 30 percent of
U.S. natural gas. Tulsa, Okla.-based Williams (NYSE: WMB), a
premier provider of large-scale U.S. natural gas infrastructure,
owns approximately 74 percent of Williams Partners.
Portions of this document may constitute “forward-looking
statements” as defined by federal law. Although the partnership
believes any such statements are based on reasonable assumptions,
there is no assurance that actual outcomes will not be materially
different. Additional information about issues that could lead to
material changes in performance is contained in the partnership’s
annual and quarterly reports filed with the Securities and Exchange
Commission.
View source
version on businesswire.com: http://www.businesswire.com/news/home/20170201006162/en/
Williams Partners L.P.Media Contact:Christopher Stockton,
713-215-2010orInvestor Contacts:John Porter,
918-573-0797orBrett Krieg, 918-573-4614
Williams Companies (NYSE:WMB)
Historical Stock Chart
From Aug 2024 to Sep 2024
Williams Companies (NYSE:WMB)
Historical Stock Chart
From Sep 2023 to Sep 2024