Williams ramps up midstream expansions amid growing global natural gas demand (NGI)
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Despite low prices in 2023, Williams is expanding its midstream infrastructure to meet rising global demand for U.S. natural gas
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Williams completed phase one of the Transco’s Regional Energy Access project, increasing pipeline capacity in Northeastern Pennsylvania ahead of schedule with full completion aimed for late 2024 to add 830 MMcf/d
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The company signed agreements for the Southeast Supply Enhancement project to provide over 1.4 Bcf/d of takeaway capacity from Transco Station 165, with plans to proceed into permitting due to high demand, ensuring contracts through at least 2047
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In the DJ Basin, Williams plans to acquire Cureton Front Range, including gas pipelines and two plants across 225,000 acres, aiming to close the deal by year-end
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Additionally, CEO Alan Armstrong announced during the 3Q earnings call the planned purchase of KKR's half-stake in Rocky Mountain Midstream and a $1.27 billion expansion to improve midstream services, aiming for completion by year's end