Williams is plowing ahead to bring a large Southeast project online amid the “unprecedented pace” in natural gas demand growth. It is also turning attention to other burgeoning opportunities, including offshore in the Gulf of Mexico (GOM), executives said.
“The good news is that a meaningful increase in natural gas demand continues to exceed our expectations,” CEO Alan Armstrong said during the second quarter earnings call. The supply side is poised to return over 1 Bcf/d of volume to Williams’ gathering systems from completed but delayed wells and those temporarily shut-in, he said.
Armstrong said the optimistic view came regardless of the macro environment, as its businesses, specifically transmission and storage and gathering and processing, “held up very well despite challenging natural gas prices.”
