Published on 4 Jul 2022 on Zacks via Yahoo Finance
The Williams Companies WMB recently announced that it has made the final investment decision (“FID”) on the Louisiana Energy Gateway, a clean energy project. The project will collect about 1.8 billion cubic feet per day (Bcf/d) of natural gas produced in the Haynesville Basin for supply to premium markets, such as Transco, industrial markets and the rising LNG export demand along the Gulf Coast.
The Tulsa, OK-based pipeline operator stated that it aims to create additional investment prospects for carbon capture and storage (“CCS”) and follow-on projects for bigger LNG market access via this project.
The project is anticipated to go into service in late 2024.