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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Over a year ago, in March 2019, MDN told you about a new Williams plan to beef up the Transco pipeline in Pennsylvania and New Jersey to deliver an extra 760 MMcf/d (originally 1 billion cubic feet per day) of Marcellus gas to PA, NJ, and Maryland (see
In December 2018 Williams announced a new project to increase capacity along the Transcontinental Gas Pipe Line (Transco) in PA by an extra 582,400 dekatherms (582 million cubic feet) per day. Williams officially filed a request with the Federal Energy Regulatory Commission (FERC) to build the “Leidy South Project” in August 2019 (see
In 2016 MDN told you about the Holleran family who didn’t want the much-needed Constitution Pipeline to cross their land in Susquehanna County, PA (see
Is it time to turn the gas off for New York City and let the people there reap the “benefits” of having a dictator, Andrew Cuomo, as their governor? On Friday the NY Dept. of Environmental Conservation, thoroughly and completely corrupted by Cuomo, issued yet another rejection for the critically-needed Northeast Supply Enhancement (NESE) pipeline project. It was the last straw for Williams, the builder of the project, which has walked away from the project. Gas customers on Long Island, including parts of NYC, now face the real prospect of running out of natural gas (this is not an exaggeration). Andrew Cuomo is the grossest, most corrupt governor in NY’s history.
In March Williams, the midstream giant with major operations in the Marcellus/Utica, swallowed a poison pill (see
Last week MDN told you that the second phase of Sabal Trail, a $3.2 billion, 515-mile interstate natural gas pipeline in Florida, Georgia, and Alabama to deliver (in part) Marcellus gas to the southeast was approved by the Federal Energy Regulatory Commission (FERC) and is coming online now (see
Williams is one of the premier midstream (pipeline) companies in the United States. They own and operate more than 30,000 miles of pipelines, including the mighty Transco, the nation’s largest volume pipeline handling some 30% of all natural gas in the U.S., used every day for clean-power generation, heating and industrial use. Recognizing the economic carnage underway in many communities across the country due to the COVID-19 coronavirus, Williams has stepped up to offer $1 million in grants to nonprofit organizations–501(c)3s, K-12 public schools, and first responders. Details below on how to apply.
In February Williams official gave up on building a long-delayed project to flow natural gas from northeastern Pennsylvania into central New York, called the Constitution Pipeline (see
In 2015 Kelsy Warren and his Energy Transfer Equity (now just Energy Transfer) company pursued Williams, wanting to merge Williams into its own operation. Williams initially fought ET tooth and nail, but in the end, cut a deal (see 
National Grid yesterday released a report outlining how the utility is going to run out of natural gas for its customers within the next decade (maybe sooner) if new supplies of natgas are not made available to it. The company has scheduled public town hall meetings in NYC and Long Island to discuss the report and elicit feedback from the public. In the report, National Grid outlines three solutions to the problem. Guess which solution is the cheapest, quickest and best? That’s right–the Williams Northeast Supply Enhancement (NESE) pipeline.
Last week we told you the good news that Williams recently re-filed an application with the New Jersey Dept. of Environmental Protection to build one of two critical northeastern pipeline projects–called the Northeast Supply Enhancement (NESE) project (see