27.12.2023 14:36:26 - dpa-AFX: Williams To Acquire Natural Gas Storage Assets From Affiliate Of Hartree Partners
TULSA (dpa-AFX) - Williams (WMB) has reached an agreement to acquire a
portfolio of natural gas storage assets from an affiliate of Hartree Partners LP
for $1.95 billion. The deal includes six underground natural gas storage
facilities located in Louisiana and Mississippi with total capacity of 115
billion cubic feet, as well as 230 miles of gas transmission pipeline and 30
pipeline interconnects.
'This premier natural gas storage platform on the Gulf Coast fits squarely
within our strategy to own and operate the best assets connected to the best
markets to serve growing demand driven by LNG exports and power generation,'
said Williams President and CEO Alan Armstrong.
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