Williams agrees to buy Momentum Midstream for $5.5 billion
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Williams agreed to acquire Momentum Midstream in a deal valued at up to $5.5 billion, the pipeline operator said, expanding its integrated natural gas infrastructure platform in the Haynesville basin. The acquisition solidifies the company’s position to serve growing Gulf Coast LNG, power, and industrial demand.
The Acquisition
Williams announced a definitive agreement to purchase Momentum Midstream in a strategic transaction valued at up to $5.5 billion. The deal further expands Williams’ fully integrated natural gas infrastructure platform in the Haynesville basin. Momentum Midstream’s assets are located in one of the nation’s most important supply basins.
Strategic Rationale
The Haynesville shale play is a key supply source for Gulf Coast LNG export terminals, which are seeing rising demand. Power generation and industrial consumption along the Gulf Coast are also forecast to increase. Williams said the acquisition positions it to capture this growth by providing end-to-end infrastructure.
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