Williams, Williams Partners Announce FERC Approval to Further Expand Pipeline Capacity to Deliver Natural Gas to Cheniere’s...
November 04 2015 - 3:17PM
Business Wire
Williams (NYSE: WMB) and Williams Partners L.P. (NYSE: WPZ)
announced today that the Federal Energy Regulatory Commission
(FERC) has approved an application for Gulf Trace, a 1.2 million
dekatherm per day expansion of the Transco pipeline system to serve
the Cheniere Energy Partners, L.P. (NYSE: CQP) Sabine Pass
Liquefaction project being developed in Cameron Parish, La. The
Sabine Pass LNG export terminal will connect U.S. natural gas
supplies with global LNG markets.
Transco, a wholly owned subsidiary of Williams Partners, has
executed an agreement with Sabine Pass Liquefaction, LLC, for the
entire capacity of the Gulf Trace project.
The Sabine Pass export terminal is currently under construction
and first LNG is expected in late 2015. Once complete, the Sabine
Pass liquefaction terminal will be the first large-scale LNG export
facility in operation in the United States, with six LNG trains and
expected nominal production capacity of 27 million tonnes per
annum. Sabine Pass Liquefaction’s project is supported by long-term
contacts with several LNG off-take shippers and is expected to
provide LNG for export to diverse markets overseas.
The Gulf Trace project is designed to make Transco’s production
area mainline and southwest Louisiana lateral systems
bi-directional from Station 65 in St. Helena Parish, La. to Cameron
Parish, La. In addition to the pipeline reversal, a new, 7-mile
36-inch lateral pipeline, the expansion of an existing compressor
station and a new greenfield compressor station are planned in
order to provide firm transportation service to the Sabine Pass LNG
facility.
The target in-service date is first quarter 2017, subject to
timely receipt of all necessary remaining approvals by regulatory
bodies.
Gulf Trace is part of $5.1 billion in transmission growth
projects Williams Partners plans to bring into service in the
eastern United States between 2015 and 2017. Williams Partners is
executing on 15 projects in 10 eastern states to serve growing
demand for natural gas to serve power generation, industrial and
local distribution customers. Once complete, these projects will
increase Transco’s system capacity by more than 57 percent.
So far this year, Williams Partners has placed into service the
Virginia Southside Expansion, Rockaway Delivery Lateral, the
Northeast Connector, Mobile Bay South III Expansion and the
Woodbridge Delivery Lateral. Williams Partners expects to place
into full service Transco’s Leidy Southeast expansion by year’s
end.
About Williams and Williams Partners
Williams (NYSE: WMB) is a premier provider of large-scale
infrastructure connecting North American natural gas and natural
gas products to growing demand for cleaner fuel and feedstocks.
Headquartered in Tulsa, Okla., Williams owns approximately 60
percent of Williams Partners L.P. (NYSE: WPZ), including all of the
2 percent general-partner interest. Williams Partners is an
industry-leading, large-cap master limited partnership with
operations across the natural gas value chain from gathering,
processing and interstate transportation of natural gas and natural
gas liquids to petchem production of ethylene, propylene and other
olefins. With major positions in top U.S. supply basins and also in
Canada, Williams Partners owns and operates more than 33,000 miles
of pipelines system wide – including the nation’s largest volume
and fastest growing pipeline – providing natural gas for
clean-power generation, heating and industrial use. Williams
Partners’ operations touch approximately 30 percent of U.S. natural
gas. www.williams.com
About Cheniere Energy, Inc.
Cheniere Energy, Inc. is a Houston-based energy company
primarily engaged in LNG-related businesses. Cheniere is developing
a liquefaction project at the Sabine Pass LNG terminal in Cameron
Parish, Louisiana, for up to six liquefaction trains, with expected
aggregate nominal production capacity of 27 mtpa. Construction is
underway on trains 1-5, with first LNG expected late 2015. Cheniere
is also developing liquefaction facilities near Corpus Christi,
Texas, for up to five liquefaction trains with expected aggregate
nominal production capacity of approximately 22.5 mtpa of LNG.
Construction has begun on the first two trains. Cheniere has also
agreed in principle to partner with Parallax Enterprises, LLC., for
the development of up to 10 mtpa of LNG production capacity through
Parallax’s two mid-scale projects, Live Oak LNG and Louisiana
LNG.
Portions of this document may constitute “forward-looking
statements” as defined by federal law. Although the company
believes any such statements are based on reasonable assumptions,
there is no assurance that actual outcomes will not be materially
different. Any such statements are made in reliance on the “safe
harbor” protections provided under the Private Securities Reform
Act of 1995. Additional information about issues that could lead to
material changes in performance is contained in the company’s
annual reports filed with the Securities and Exchange
Commission.
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MEDIA CONTACT:Tom Droege, (918) 573-4034orINVESTOR
CONTACTS:John Porter, (918) 573-0797orBrett Krieg, (918)
573-4614
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