Williams Delivers Record Volumes Driven by Continued Transco Expansions
Williams Companies, Inc. (The) (WMB)
Last williams companies, inc. (the) earnings: 2/19 04:15 pm
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Source: Business Wire
TULSA, Okla.--(BUSINESS WIRE)--Williams (NYSE: WMB) announced today that it recently delivered a record amount of natural gas on its Transco interstate pipeline, providing essential and reliable service to natural gas distribution companies, electric power generators, LNG exporters and other customers located along the Eastern Seaboard and Gulf Coast.Transco, the nation’s largest-volume natural gas transmission system, delivered a record-breaking 17.15 million dekatherms (MMdt) on Jan. 3, 2022. The new peak-day mark surpasses the previous high that was set on Feb. 20, 2020. While extreme winter weather usually coincides with peak-day deliveries, the volume record this week was due to continued expansions on Transco to serve the growing demands for U.S. natural gas.To meet this demand, Williams has nearly tripled contracted capacity on Transco to approximately 18.7 MMdt/d in 2021 (from 6.6 MMdt/d in 2008) primarily through incremental growth projects along Transco’s existing footpr
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