A leading master limited partnership,
Williams Partners L.P.
) announced the completion of its Transco natural gas pipeline
expansion. The expanded pipeline would provide additional 225,000
dekatherms of natural gas transportation capacity to growing
markets in the Southeast United States. The Mid-South Expansion
project will cater to power generators in North Carolina and
Alabama as well as a local distribution company in Georgia.
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The Mid-South Expansion project consists of approximately 23
miles of new pipeline, a new compressor facility in Dallas
County, Alabama. It also involves the upgrade of existing
compressor facilities in Alabama, Georgia, South Carolina and
Another expansion project of the Transco natural gas pipeline,
The Rockaway Delivery Lateral Project is likely to be
commissioned during the second half of 2014. The project when
completed is estimated to supply 647,000 dekatherms per day of
natural gas to National Grid's gas distribution system in
Brooklyn and Queens, New York.
The 10,200-mile Transco pipeline system carries natural gas to
markets across the northeastern and southeastern United States.
Currently, the system capacity is about 9.7 million dekatherms
per day. Transco's major customers are primarily power
generators, local distribution companies and producers.
Williams Partners is an energy master limited partnership engaged
in gathering, transportation, treating and processing of natural
gas as well as fractionation and storage of NGLs. The general
partner of the partnership is owned and managed by
Williams Companies Inc.
Williams Partners retains a Zacks Rank #3, which is equivalent to
a short-term Hold rating. However, there are other stocks in the
oil and gas sector -
Delek Logistics Partners, LP
Summit Midstream Partners, LP
) - which hold a Zacks Rank #1 (Strong Buy) and are expected to