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Williams Targets Momentum Midstream in $5.5 Billion Gas Deal

Tulsa-based pipeline operator Williams is nearing a $5.5 billion acquisition of Momentum Midstream, a move designed to cement its dominance over the critical transit routes linking Haynesville shale gas to the Gulf Coast's surging LNG export market, according to people familiar with the late-stage negotiations.

Williams Targets Momentum Midstream in $5.5 Billion Gas Deal

The potential purchase from private equity firm EnCap Flatrock Midstream would grant Williams control over an extensive infrastructure network, including the 250-mile NG3 pipeline. This system offers a direct artery between the Haynesville shale and the epicenter of domestic liquefaction demand in Gillis, Louisiana. Momentum currently manages approximately 4,000 miles of pipe, feeding 10 separate LNG facilities alongside dozens of industrial users and power plants.

Williams already moves roughly one-third of the natural gas consumed daily across the United States. Integrating Momentum’s assets would significantly bolster its takeaway capacity, directly positioning the firm to profit from the ongoing expansion of U.S. export terminals. The company’s focus on aggressive gas-sector growth recently propelled its first-quarter net income to a record high, marking a 25% increase over the previous year. While talks remain ongoing and a final agreement has not been reached, an announcement could arrive within the coming weeks.

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