Williams has announced it has completed its acquisition of Sequent Energy Management, L.P. and Sequent Energy Canada, Corp. from Southern Company Gas. The acquisition, announced in May, accelerates Williams’ natural gas pipeline and storage optimisation and marketing growth and increases Williams’ gas pipeline marketing footprint to over 8 billion ft3/d, with expansions into new markets to reach incremental gas-fired power generation, liquified natural gas (LNG) exports and future renewable natural gas (RNG) and other emerging opportunities.
The addition of Sequent Energy Management, including its talented workforce and industry leading platform, complements the current geographic footprint of our core pipeline transportation and storage business,” said Alan Armstrong, president and Chief Executive Officer of Williams. “As we continue to take a leadership role towards a clean energy future, Williams sees significant opportunity to better source and deliver responsibly produced, low carbon supplies to domestic natural gas and international LNG customers. Sequent’s operational footprint in the US and Canada provides Williams with an enhanced North American perspective of natural gas markets, in turn bolstering the company’s natural gas focused strategy, and I’m excited to welcome the Sequent employees to the Williams family.”
Sequent moves gas to markets through transportation and storage agreements on strategically positioned assets, including along Williams’ Transco system. The company focuses on asset management and the wholesale marketing, trading, storage and transportation of natural gas for a diverse set of natural gas utilities and producers.
Read the latest issue of World Pipelines magazine for pipeline news, project stories, industry insight and technical articles.
The June issue of World Pipelines includes a regional report on Russia’s most prominent oil and gas pipeline projects, as well as technical articles on design standardisation (Burns & McDonnell), corrosion (Tesi S.p.A.), hydrogen blending in pipelines (ILF) and much more. Don’t miss the dedicated Coatings Q&A on p. 23, with Winn & Coales International Ltd.
Read the article online at: https://www.worldpipelines.com/business-news/02072021/williams-completes-acquisition-of-sequent-energy-management/