LNG

U.S pipeline operator William has commissioned two Transco projects – the Southeast Energy Connector in Alabama and the Texas to Louisiana Energy Pathway along the Gulf Coast. The fully contracted expansions help deliver additional volumes to LNG exports facilities along the Gulf Coast.

Jan 3 (LNGJ) - Williams, a leading US natural gas pipelines operator with projects aimed at boosting feed-gas supplies for Gulf Coast LNG plants, has priced a public offering of 2.1 billion in Senior Notes, a type of bond that takes precedence over other debts. The offering of $1.1Bln of its 4.900 percent Senior Notes due 2029 was at a price of 99.839 percent of par and $1.0 Bln of its 5.150 percent Senior Notes due in 2034 were priced at 99.975 percent of par.

   “The expected settlement date for the offering is January 5, 2024, subject to the satisfaction of customary closing conditions,” said Williams, which is based in Tulsa, Oklahoma. “Williams intends to use the net proceeds of the offering for general corporate purposes, which may include the repayment of our outstanding commercial paper notes or other near-term debt maturities,” it added. The joint book-running managers of the offering were named as Barclays Capital, Citigroup Global Markets, Truist Securities and Wells Fargo Securities.

Williams Companies, a leading US natural gas pipelines operator with projects aimed at boosting feed-gas supplies for Gulf Coast LNG export plants, has reached an agreement to acquire a portfolio of natural gas storage assets from an affiliate of Hartree Partners LP for $1.95 billion.

Williams Companies, a leading US natural gas pipelines operator, has outlined plans for supplying more feed-gas for liquefied natural gas export plants on the Gulf Coast and to meet the nation’s growing needs for gas-fired power.

Williams, the US pipelines company and growing LNG sector participant, reported a surge in first-quarter net profits and cash flow from record natural gas-gathering volumes and contracted capacity.

Williams Companies, the US natural gas pipelines and assets operator, has agreed a $950 million deal to expand its East Texas presence in the Haynesville Shale and giving more access to Gulf Coast LNG markets.

The New York State Department of Environmental Conservation and the New Jersey Department of Environmental Protection have rejected the Northeast Supply Enhancement project of pipeline company Williams, one of whose customers would be UK LNG importer terminal owner National Grid.

The US owner of the Transcontinental Gas Pipe Line (Transco), the nation’s largest interstate natural gas delivery system linking LNG export plants and domestic natural gas markets in 12 Southeast and Atlantic Seaboard states, has become the latest company to adopt protective measures from takeovers at a time of low equity prices.

US pipeline company Williams said its Transcontinental Gas Pipe Line (Transco) interstate system delivered a record amount of natural gas in January to distribution companies, power generators and LNG exporters because of successful expansions and the trend will continue in 2019 and 2020.

Transco delivered a record 15.68 million dekatherms (MMdt) on January 21 and the new peak-day mark surpassed the previous high that was set on January 5 last year.

In addition to being a major supplier to the growing LNG export industry, Transco provides natural gas to markets in 12 Southeast and Atlantic Seaboard states, including America’s biggest metropolitan areas.

The pipeline system, extending almost 1,800 miles from South Texas to New York City, also established a new three-day market area delivery record, averaging 15.30 MMdt from January 30 to February 1, 2019.

Williams, based in Tulsa, Oklahoma, said the natural gas delivery records were the result of additional firm transportation capacity created by multiple fully-contracted Transco expansions completed in 2018 and early 2019.

The abundant US natural gas supplies are being delivered into domestic markets when required as well as to liquefaction and LNG export plants. The LNG plants are set to double in number from three operational facilities to six by the end of 2019.

Williams said its pipeline expansions included the Gulf Connector, Atlantic Sunrise and the Garden State Phase II projects.

The company said that together, these expansions added more than 2.3 MMdt of firm transportation capacity to the existing pipeline system.

Construction is expected to commence on five additional Transco projects in 2019.

These are for the Rivervale South to Market system, Hillabee Phase 2, the Northeast Supply Enhancement and the Gateway and Southeastern Trail projects, collectively creating approximately 1.15 MMdt of additional pipeline capacity in 2019 and 2020.

“The recent frigid conditions across the country are an important reminder of the vital role transmission pipelines play in delivering the natural gas necessary to keep millions of Americans safe and secure, especially during winter periods of peak demand,” said Alan Armstrong, President and Chief Executive of Williams.

“The incremental capacity from the fully-contracted Transco expansion projects placed into service in 2018 and early 2019 reflects an increase of about 16 percent in Transco’s design capacity,” he added.

“This has helped position us to meet the growing demand needs of our customers,” stated Armstrong.

Williams, the US pipeline and infrastructure company, said its Gulf Connector project has been placed into full service to expand its Transcontinental Gas Pipe Line (Transco), the nation’s largest interstate natural gas pipeline, with more liquefied natural gas ventures.