Williams to pay $2 billion to buy natural gas storage assets from Hartree Partners
WMBWilliams(WMB) Market Watch·2023-12-27 16:22

Williams Companies WMB, -0.06% announced Wednesday an agreement to buy a portfolio of natural gas storage assets for $1.95 billion from an affiliate of Hartree Partners L.P. The deal includes six underground storage facilities in Louisiana and Mississippi and 230 miles of gas transmission pipeline. The deal is expected to close in January 2024. “These assets better position Williams’ natural gas storage operations to serve Gulf Coast LNG demand and growing electrification loads from data centers along the T ...