TULSA, Okla.--(BUSINESS WIRE)--Williams (NYSE: WMB) announced today that it recently delivered a record
amount of natural gas on its Transco interstate gas pipeline, providing
essential services to gas distribution companies, power generators, LNG
exports and other customers located along the Eastern Seaboard and Gulf
Coast.
The nation’s largest-volume natural gas transmission system, Transco
delivered a record-breaking 15.68 million dekatherms (MMdt) on Jan. 21,
2019. The new peak-day mark surpasses the previous high that was set on
Jan. 5, 2018. The Transco system, which stretches from South Texas to
New York City, also established a new three-day market area delivery
record, averaging 15.30 MMdt from Jan. 30 to Feb. 1, 2019.
The natural gas delivery records were made possible thanks to additional
firm transportation capacity created by multiple fully-contracted
Transco expansions completed in 2018 and early 2019 (Gulf Connector,
Atlantic Sunrise, Garden State Phase II). Together, these expansions
added more than 2.3 MMdt of firm transportation capacity to the existing
pipeline system.
“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 officer 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 – which has helped position us to
meet the growing demand needs of our customers.”
Construction is expected to commence on five additional Transco projects
in 2019 (Rivervale South to Market, Hillabee Phase 2, Northeast Supply
Enhancement, Gateway and Southeastern Trail), collectively creating
approximately 1.15 MMdt of additional pipeline capacity in 2019 and 2020.
Transco is the nation’s largest-volume interstate natural gas pipeline
system. It delivers natural gas to customers through its approximately
10,000-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
Williams (NYSE: WMB) is a premier provider of large-scale infrastructure
connecting U.S. natural gas and natural gas products to growing demand
for cleaner fuel and feedstocks. Headquartered in Tulsa, Okla., Williams
is an industry-leading, investment grade C-Corp with operations across
the natural gas value chain including gathering, processing, interstate
transportation and storage of natural gas and natural gas liquids. With
major positions in top U.S. supply basins, Williams owns and operates
more than 33,000 miles of pipelines system wide – including Transco, the
nation’s largest volume and fastest growing pipeline – providing natural
gas for clean-power generation, heating and industrial use. Williams’
operations handle approximately 30 percent of U.S. natural gas. www.williams.com
Portions of this document may constitute “forward-looking statements”
as defined by federal law. Although the company 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 company’s annual and quarterly reports
filed with the Securities and Exchange Commission.
