Williams Partners L.P. & Florida Gas Transmission Receive FERC Approval to Connect With Gulf LNG Import Terminal
TULSA, Okla., July 21 /PRNewswire-FirstCall/ -- Williams Partners L.P. (NYSE: WPZ) and Florida Gas Transmission (FGT) announced today that the Federal Energy Regulatory Commission (FERC) has approved a proposal to connect the existing Transco and FGT natural gas pipeline systems with the new Gulf LNG Clean Energy import terminal being developed near Pascagoula, Miss.
The Pascagoula Expansion Project, being jointly developed by Transco and FGT, will consist of approximately 15.54 miles of 26-inch diameter pipe located in portions of Mobile County, Ala. (4.59 miles), and Jackson County, Miss. (10.95 miles). The $59 million pipeline project will have the capacity to transport approximately 810,000 dekatherms of natural gas per day by its in-service date in the fall of 2011. Construction is scheduled to begin in April 2011.
"The Pascagoula Expansion Project leverages existing pipeline infrastructure to provide robust southeastern markets with access to additional natural gas supplies," the project sponsors said in a statement. "We appreciate the FERC's thorough review of this project. With the certificate now in hand, we can move forward with linking our respective systems to this important new supply source."
The Gulf LNG Clean Energy import terminal is currently under development and scheduled to be placed into service in the fall of 2011.
The Transco pipeline is a 10,000-mile pipeline system which transports natural gas to markets throughout the northeastern and southeastern United States. The current system capacity is approximately 8.6 billion cubic feet per day.
Florida Gas Transmission Company, a subsidiary of Citrus Corp., operates a 5,000-mile natural gas pipeline system extending from south Texas to south Florida with mainline capacity of 2.1 billion cubic feet per day. Citrus Corp is 50 percent owned by Southern Union Company (NYSE: SUG) and 50 percent owned by El Paso Corporation (NYSE: EP).
About Williams Partners L.P. (NYSE: WPZ)
Williams Partners L.P. is a leading diversified master limited partnership focused on natural gas transportation; gathering, treating, and processing; storage; natural gas liquid (NGL) fractionation; and oil transportation. The partnership owns interests in three major interstate natural gas pipelines that, combined, deliver 12 percent of the natural gas consumed in the United States. The partnership's gathering and processing assets include large-scale operations in the U.S. Rocky Mountains and both onshore and offshore along the Gulf of Mexico. Williams (NYSE: WMB) owns approximately 84 percent of Williams Partners, including the general-partner interest. More information is available at www.williamslp.com. Go to http://www.b2i.us/irpass.asp?BzID=1296&to=ea&s=0 or http://www.b2i.us/irpass.asp?BzID=1296&to=ea&s=0 to join our email 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.
MEDIA CONTACT: Chris Stockton (713) 215-2010 |
INVESTOR CONTACT: Sharna Reingold (918) 573-2078 |
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SOURCE Williams Partners L.P.
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