Williams Cos. to Buy Gulf Coast Natural Gas Storage Portfolio for $1.95 Billion - The Wall Street Journal
Williams Cos. to Buy Gulf Coast Natural Gas Storage Portfolio for $1.95 Billion - WSJ
Dec. 27, 2023 8:36 am ET
Energy infrastructure company Williams Cos.has inked a deal to buy a portfolio of Gulf Coast natural-gas storage assets from an affiliate of commodities-trading company Hartree Partners for $1.95 billion.
Williams on Wednesday said the acquisition includes six underground natural gas storage facilities in Louisiana and Mississippi with total capacity of 115 billion cubic feet, along with 230 miles of gas transmission pipeline and connections to Transco, the nation’s largest natural gas transmission pipeline.
Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
What to Read Next
- TurboTax: Up to 10% off online tax services with TurboTax discount code
- The Motley Fool: Epic Bundle - 3x Expert Stock Recommendations
- H&R Block Tax: Get 20% Off H&R Block tax software products
- Top Resume: Top Resume Coupon: 10% Off professional resume writing
- eBay: Unlock 10% Off orders With this eBay coupon
- Groupon: Extra 30% off the sale price with Groupon discount code
Related Knowledge Center: Carbon capture
The federal government is investing heavily in the development of carbon capture and storage (or sequestration), which offers the enticing prospect of preventing carbon dioxide emissions produced during combustion from entering the atmosphere and contributing to climate change. But the technologies involved, while proven, remain expensive, an obstacle to widespread adoption.