Williams Companies, a leading US natural gas pipelines operator, reported strong third-quarter results and a 10 percent increase in net profits as projects progressed including the provision of feed-gas to Gulf Coast LNG export plants.
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.
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.
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.