During a recent quarterly update to investors, Williams President & CEO Alan Armstrong spoke about strong natural gas market fundamentals and the role infrastructure plays in a clean and secure energy future both at home and abroad.
“As we look overseas to the energy crisis in Europe and its ripple effects on energy security, the importance of affordable and reliable energy supplies on a global scale has now taken center stage,” said Armstrong.
Williams sees increasing demand for U.S. LNG exports along the company’s Transco corridor as well as continued strong pull from the power and industrial sectors. In fact, Transco delivered a record breaking 17.15 million dekatherms of natural gas at the beginning of the year.
“The challenge ahead to meet this stubborn and growing demand isn’t higher cost of supply, it is simply that we need more U.S. infrastructure to connect some of the world’s lowest cost supplies to this burgeoning demand,” said Armstrong.
Williams now has six unique transmission expansion projects in execution totaling 1.9 Bcf/d to serve growing natural gas demand. The company’s recent acquisition of assets from Trace Midstream includes a long-term capacity commitment in support of Williams’ Louisiana Energy Gateway project. That project will move Haynesville gas to premium Transco markets, as well as to growing industrial and LNG export demand along the Gulf Coast.
“Williams is excited about the important role we will play in meeting the dual challenge of delivering increasing amounts of reliable, affordable energy while also continuing to decrease greenhouse gas emissions around the world, utilizing our critical infrastructure that is connected to the best natural gas basins in the US to increasingly serve LNG export facilities and growing US demand for clean, affordable energy is a great place for our organization to start,” said Armstrong.