Williams on Track to Finish Key Gas Pipelines on Schedule
Attachment: Williams NJ-LA 0623
June 12, 2023--Researched by Industrial Info Resources (Sugar Land, Texas)--Oil and gas pipeline developer Williams Companies Incorporated (NYSE:WMB) (Tulsa, Oklahoma) announced last week it has a pair of milestones on the horizon: Two natural gas pipeline developments in the U.S. Northeast and Louisiana are progressing on time and will be fully operational by the end of 2024, with one of the two partly operational by the end of this year. At the same time, one executive warned that the slow pace of gas-pipeline development in the U.S. is a "recipe for disaster."
Industrial Info is tracking about $4.5 billion worth of active projects from Williams, nearly 60% of which are in Texas and Louisiana. At last week's Global Energy Transition 2023 conference, hosted by Reuters in New York City, Alan Armstrong, the chief executive officer of Williams, was optimistic about his own company's fortunes, but warned the buildout of U.S. natural gas infrastructure is lagging far behind demand for gas.
