Williams Says Pipeline Biz Doing Great Despite COVID-19

The pipeline business is doing just fine, despite COVID-19. That's according to Alan Armstrong, CEO of one of the country's largest pipeline companies--Williams. On a conference call yesterday to discuss the company's 2Q20 performance, Armstrong said: "[M]any people assume that natural gas demand would be greatly diminished by COVID-19 and a stalled economy. Fortunately, we have not seen that play out at all. In fact, natural gas demand has continued to grow, both broadly across the market and on our systems, in particular."

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