Williams reaches final investment decision to develop Louisiana Energy Gateway project

WCN Editorial Team 30 Jun 2022 NORTH AMERICA ENERGY & UTILITIES

Williams Companies, a US-based energy company, has made a final investment decision (FID) to construct its planned Louisiana Energy Gateway (LEG) project to collect natural gas produced from the Haynesville shale basin.

The project will be able to transfer 1.8 billion cubic feet per day (bcfd) of gas to various markets in the Gulf Coast markets.

This shale basin includes parts of Texas, Arkansas and Louisiana.

According to Williams, LEG is anticipated to enter service in late 2024.

The company plans to create opportunities to pursue further market access projects, besides developing carbon capture and storage infrastructure to help decarbonise the natural gas value chain.

Williams senior vice president of corporate strategic development Chad Zamarin said: “Williams is committed to incorporating emerging technologies to deliver the next generation of natural gas.

“With LEG, we are pleased to be able to offer an infrastructure solution that integrates real time emissions monitoring and emissions reduction strategies. LEG is also ideally positioned to incorporate carbon capture and storage as a further decarbonising solution for natural gas production in the rapidly growing Haynesville basin.”

Earlier this year, Williams signed a memorandum of understanding with private equity company Quantum Energy Partners to establish a joint venture that will allow Quantum to become an equity investor and partner in the project.

Williams owns and operates over 30,000 miles of pipelines system wide. This includes Transco, the largest volume pipeline in the US.

The company handles around 30% of the natural gas in the US.

----------------------------------------------------------------------------------------------------------------

Image: The company plans to develop carbon capture and storage infrastructure to help decarbonise the natural gas value chain. Credit: John R Perry from Pixabay.

With 11 websites and newsletters covering all the key areas within the construction industry, World Construction Industry Network is the leading global construction information resource. READ ABOUT US
PRIVACY POLICY

STAY IN TOUCH!

LATEST TWEETS

World Construction Network | www.worldconstructionnetwork.com is a product of GlobalData. Copyright © 2022 GlobalData. All rights reserved.