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CEO at Barclays: New projects will serve growing demand for natural gas

8/5/2021, 5:45:22 AM Station 610 in Millerville, Pennsylvania

Williams will add 4.2 billion cubic feet per day (bcf/d) of natural gas capacity with 12 new projects from now through 2027, Alan Armstrong said at the Barclays CEO Energy-Power Conference this week.

The expansion follows the company’s completion of 17 projects, which added approximately 5 bcf/d of capacity from 2018 to 2023.  

A billion cubic feet of natural gas can supply about five million US homes per day.  

Among the upcoming projects is the 1.6 bcf/d Southeast Supply Enhancement project which is expected to be operating by the fourth quarter of 2027. 

Armstrong said the $1.45 billion Southeast Supply Enhancement project would help meet growing demand from residential, commercial and industrial customers in the Mid-Atlantic and Southeast, including fast-growing demand for electricity from data centers.

“I can tell you we have our hands very full right now trying to keep up with the number of opportunities that are coming at us right now,” Armstrong said about data centers.

“We’re really excited about how we’re positioned around this, the land positions we have, the co-location with fiber, the gas resources, as well as the carbon capture that we have in some of those areas.”

You can watch a replay of the Barclays presentation on our investor site.

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