Williams Partners Executes Agreements to Serve Two Gulf Coast LNG Export Facilities
February 10 2016 - 4:05PM
Business Wire
Williams Partners L.P. (NYSE: WPZ) announced today that it has
executed long-term contracts with two shippers for Gulf Connector,
a 475,000 dekatherm per day expansion of the Transco pipeline
system to connect U.S. natural gas supplies with global liquefied
natural gas (LNG) markets.
Gulf Connector will deliver gas for the Cheniere Energy, Inc.
(NYSE: LNG) Corpus Christi liquefaction project and a shipper in
Freeport LNG Development, L.P.’s liquefaction project near
Freeport, Texas. Both the Corpus Christi and Freeport liquefaction
facilities are currently under construction.
The Gulf Connector project involves adding compression and
making the natural gas flow bi-directional on a portion of the
Transco system between Louisiana and south Texas, pending
appropriate regulatory approvals. It’s designed to provide
incremental firm transportation from Transco’s Station 65 in St.
Helena Parish, La., to mainline interconnects with proposed header
pipelines in Wharton County, Texas and San Patricio County,
Texas.
“Gulf Connector is another great example of Williams Partners
leveraging our existing infrastructure to serve new and growing
market opportunities for North America’s natural gas,” said Rory
Miller, senior vice president of Williams Partners’ Atlantic-Gulf
operating area.
As previously announced, Williams Partners is also building the
Gulf Trace Project to serve Cheniere’s Sabine Pass Liquefaction
project in Cameron Parish, La., the first large-scale LNG export
facility in operation in the continental United States. The first
shipment of LNG from that facility is expected late February or
March and the Gulf Trace Project is expected to be completed in
early 2017. Both Gulf Connector and the Gulf Trace Project are
included in Williams Partners’ 2016 growth capital funding
plan.
Cheniere’s Corpus Christi export terminal is proposed to have up
to five liquefaction trains (two of which are under construction)
with expected aggregate nominal production capacity of up to 22.5
million tonnes per annum (mtpa) of LNG. Train 1 and 2 are
expected to become operational in late 2018 and mid-2019,
respectively.
The Freeport LNG export terminal will have three liquefaction
trains with expected aggregate export capacity of 15.3 mtpa. The
Freeport export facility is also planned to commence operations in
phases between September 2018 and August 2019.
Transco is a wholly owned subsidiary of Williams Partners, of
which Williams (NYSE: WMB) owns controlling interests and is the
general partner. 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 is a major
provider of cost-effective natural gas services that reach U.S.
markets in 12 Southeast and Atlantic Seaboard states, including
major metropolitan areas in New York, New Jersey and
Pennsylvania.
About Williams Partners
Williams Partners (NYSE: WPZ) 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 and
also in Canada. 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 North American natural gas infrastructure, owns 60
percent of Williams Partners, including all of the 2 percent
general-partner interest. www.williams.com
About Cheniere Energy, Inc.
Cheniere Energy, Inc., a Houston-based energy company primarily
engaged in LNG-related businesses, owns and operates the Sabine
Pass LNG terminal and Creole Trail Pipeline in Louisiana. Through
its subsidiary, Cheniere Energy Partners, L.P., Cheniere is
developing liquefaction projects at the Sabine Pass LNG terminal
and near Corpus Christi, Texas. Cheniere is also exploring a
limited number of opportunities directly related to its existing
LNG business. For additional information, please refer to the
Cheniere website at www.cheniere.com and Quarterly Report on Form
10-Q for the quarter ended September 30, 2015, filed with the
Securities and Exchange Commission.
About Freeport LNG Development, L.P.
Freeport LNG Development, L.P., owns and operates an existing
LNG regasification terminal located near Freeport, Texas. Through
its subsidiary, Freeport LNG Expansion, L.P., it is constructing
the gas liquefaction and LNG export project at the Quintana Island
Terminal. Michael Smith controls the general partner of Freeport
LNG Development, L.P. Freeport LNG Development, L.P.’s limited
partners are: Freeport LNG Investments, LLLP, and FLNGI Option
Holdco, LLC, each owned by Michael S. Smith; GIP II FLNG, L.P. and
GIP II FLNG Holdings Partnership 2, LLC, each owned by Global
Infrastructure Partners; and Turbo LNG, LLC, a wholly owned
subsidiary of Osaka Gas Co., Ltd. For additional information, go to
www.FreeportLNG.com.
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. Any such statements are made in reliance on the “safe
harbor” protections provided under the Private Securities Reform
Act of 1995. Additional information about issues that could lead to
material changes in performance is contained in the partnership’s
annual reports filed with the Securities and Exchange
Commission.
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version on businesswire.com: http://www.businesswire.com/news/home/20160210006416/en/
Williams Partners L.P.Media Contact:Tom Droege,
918-573-4034orInvestor Contacts:John Porter,
918-573-0797orBrett Krieg, 918-573-4614
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