TULSA, Okla., March 23, 2011 /PRNewswire/ -- Williams' (NYSE: WMB) Chief Executive Officer Alan Armstrong presented the keynote address to the general session of the 26th Annual World Petrochemical Conference this morning in Houston.
The conference, presented by the Chemical Market Associates, Inc. (CMAI), is focused on the latest views and forecasts spanning the petrochemical industry from CMAI consultants and industry representatives.
Armstrong's presentation focused on how the vast supplies of natural gas in U.S. shale formations are positioned to create a renaissance in the U.S. petrochemical industry.
"Over the past several years, people have come to realize that the incredible natural gas resources we have here in the United States can be a transformational force in our nation's energy picture," Armstrong said. "The positive impact on the U.S. petrochemical industry – which uses natural gas liquids as feedstock – can be just as significant.
"The vast shale-gas reserves with moderate prices, along with a growing and reliable infrastructure, can provide petrochemical companies with plentiful and reliable feedstock for years to come," Armstrong said. "That's a significant benefit to an industry that stands out as a key driver of U.S. exports, produces a vast array of essential products that touch people's everyday lives and creates thousands of value-adding jobs."
Armstrong's keynote presentation for the conference is available for download at www.williams.com.
About Williams (NYSE: WMB)
Williams is an integrated natural gas company focused on exploration and production, midstream gathering and processing, and interstate natural gas transportation primarily in the Rocky Mountains, Gulf Coast, Pacific Northwest, Eastern Seaboard and the Marcellus Shale in Pennsylvania. Most of the company's interstate gas pipeline and midstream assets are held through its 75-percent ownership interest (including the general-partner interest) in Williams Partners L.P. (NYSE: WPZ), a leading diversified master limited partnership. More information is available at www.williams.com. Go to http://www.b2i.us/irpass.asp?BzID=630&to=ea&s=0 to join our e-mail list.
Portions of this document may constitute "forward-looking statements" as defined by federal law. Although the company believes any such statements are based on reasonable assumptions, there is no assurance that actual outcomes will not be materially different. Any such statements are made in reliance on the "safe harbor" protections provided under the Private Securities Reform Act of 1995. Additional information about issues that could lead to material changes in performance is contained in the company's annual reports filed with the Securities and Exchange Commission.