Williams Signs Agreement To Buy Marcellus Pipeline

摘要

Williams Partners LP has agreed to acquire the Laser Northeast Gathering System and other midstream businesses from Delphi Midstream Partners LLC for $750 million, Williams reports. The Laser gathering system consists of 33 miles of 16-inch natural gas pipeline and associated gathering facilities in Susquehanna County, Pa., as well as 10 miles of gathering pipeline in southern New York, Williams relates. It says the acquisition is supported by long-term gathering agreements that provide acreage dedication and volume commitments. Williams predicts that as production volumes in the Marcellus increase, the system will reach a capacity of 1.3 billion cubic feet a dav.