Williams to Buy Natural Gas Assets for $1.95 Billion in LNG Bet - Bloomberg
Williams (WMB) to Buy Hartree’s Natural Gas Storage Assets in LNG Bet - Bloomberg
Williams to Buy Gas Assets for $1.95 Billion in LNG Bet
- Purchase adds storage, pipeline assets in US Gulf region
- Williams shares slip 0.3% Wednesday after deal was announced
Pipeline operator Williams Cos. agreed to buy natural gas storage assets from an affiliate of Hartree Partners LP for $1.95 billion in a bet on demand growth for the fuel in the US and in overseas markets.
The deal includes six underground storage facilities in Louisiana and Mississippi, Williams said Wednesday in a statement. The company will also get 230 miles (370 kilometers) of pipeline plus 30 interconnects.
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Williams to Buy Gas Assets for $1.95 Billion in LNG Bet
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