Williams enters heads of agreement with sempra infrastructure to integrate lng value chain capabilities

Tulsa, okla.--( business wire )--williams (nyse: wmb) today announced that it has entered into a non-binding heads of agreement (hoa) with sempra infrastructure, a subsidiary of sempra (nyse: sre) (bmv: sre), that establishes the elements of an integrated platform to further connect the prolific haynesville basin to growing lng export demand along the gulf coast and around the world. the hoa contemplates long-term gas sales of approximately 0.5 billion cubic feet per day (bcf/d) delivered near gillis, louisiana, and two lng offtake agreements for approximately 3 million tons per annum (mtpa) in the aggregate from sempra infrastructure's proposed cameron lng phase 2 and port arthur lng projects. these proposed transactions complement williams' recently sanctioned low-carbon louisiana energy gateway (leg) gathering project and are expected to include connections to pipelines serving sempra infrastructure's lng export facilities.
SRE Ratings Summary
SRE Quant Ranking