During the first quarter of 2021, Williams reported record volumes and higher earnings, underscoring the strength of the company’s natural gas strategy, along with the importance of having a resilient and reliable energy network.
As part of the quarterly update to investors, Williams President & CEO Alan Armstrong highlighted the company’s intense focus on safe and environmentally conscious project execution.
“We continued our pace of execution in the first quarter, placing Southeastern Trail into full service in early January and progressing on Transco’s Leidy South project to bring additional gas from Appalachia to growing demand centers along the Atlantic Seaboard by next winter,” said Armstrong.
In March, Williams filed a FERC application for the Regional Energy Access expansion, which is being designed in a manner that is adaptable to future renewable energy sources like clean hydrogen and renewable natural gas blending.
“As one of the nation’s largest clean energy infrastructure providers, we have a huge opportunity to leverage our natural gas-focused business as the world moves to a low-carbon future, while helping customers and the United States meet climate goals,” said Armstrong.
“We believe clean, affordable and reliable natural gas is an important component of today’s fuel mix and should be prioritized as one of the most important tools to aggressively displace more carbon-intensive fuels around the world.”
During the update, Williams provided details on an agreement to acquire Sequent Energy Management, L.P., which moves gas to markets through transportation and storage agreements on strategically positioned assets, including along Williams’ Transco system. The new addition responds to customer demand for expanding transportation and storage of responsibly sourced natural gas.
“In discussion with both our existing and potential LNG-focused customers, we are hearing a clear need to have wellhead-to-water natural gas supplies that can demonstrate and document responsibly produced low-carbon supplies,” Armstrong said. “We see this acquisition as a way to more effectively aggregate, transport and market these in-demand supplies.”