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Williams Completes 2nd Phase

By: Zacks Equity Research
November 24, 2009 | Comments: 0
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The Williams Companies (WMB - Analyst Report) announced that it has placed the second phase of the Sentinel expansion project on its interstate Transco natural gas pipeline system into service, as a result increasing firm transportation capacity into the northeastern U.S. by 102 thousand dekatherms per day (Mdt/d). 

The first portion of the project (Phase I), which provided an additional 40 Mdt/d, was placed into service in December 2008. Phase II construction included the addition/replacement of approximately 14 miles of 42-inch pipe, along with 8 compressor station upgrades at various locations in Pennsylvania and New Jersey . 

The Transco natural gas pipeline is a 10,500-mile pipeline system that carries natural gas to markets all over the northeastern and southeastern U.S. The current expansion is expected to boost the total system capacity to approximately 8.6 billion cubic feet per day and will allow Williams to continue meeting the region's growing energy needs by providing clean-burning natural gas in time for the winter heating season.

The Williams Companies, Inc. is an energy firm that primarily finds, produces, gathers, processes, and transports natural gas. The company divides its business into four segments: Exploration & Production (E&P), Midstream Gas & Liquids, Gas Pipeline, and Gas Marketing Services.

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Market Summary Feb 09, 2010 20:53 pm ET
DJIA 10058.64  150.25 1.52%
NASD 2150.87  24.82 1.17%
S&P 500 1070.52  13.78 1.30%