Williams Companies, Inc. WMB has enhanced the natural gas delivery capacity to Brooklyn and Queens by bringing its Rockaway Delivery Lateral and Northeast Connector projects online.

The Rockaway Delivery Lateral, which has a capacity to deliver of 647,000 dekatherms of natural gas every day, provides an extra supply-delivery link between the National Grid distribution system and Williams’ Transco transmission pipeline. The National Grid distribution system serves 1.8 million customers in Brooklyn, Queens, Staten Island and Long Island through the provision of local natural gas service. Also, another 3.2 miles of new Transco pipeline and related facilities is offered by the Rockaway project in New York.

The Northeast Connector project supplies 100,000 dekatherms per day of firm transportation capacity from Transco’s Station 195 in southeastern Pennsylvania to the Rockaway Delivery Lateral. The project comprises of an equipment to enhance compression at three existing Transco facilities in New Jersey and Pennsylvania.

The above-mentioned projects have been developed keeping two important objectives in consideration. The first objective was meeting the long-term clean energy needs of New York City. The second goal was increasing consistency as well as aiding growth on the National Grid system.

Williams is a premier energy infrastructure provider in North America. The company’s core operations include finding, producing, gathering, processing, and transportation of natural gas. Boasting of a widespread pipeline system, Williams is one of the largest domestic transporters of natural gas by volume. Its facilities – gas wells, pipelines, and midstream services – are concentrated in the Northwest, Rocky Mountains, Gulf Coast, and Eastern Seaboard. Williams’ assets include general partner interests and limited partner interests in Williams Partners, L.P. WPZ – an energy master limited partnership.

Williams Companies currently carries a Zacks Rank #3 (Hold). Better-ranked players from the same space include Transmontaigne Partners L.P. TLP and Pembina Pipeline Corporation PBA. All these stocks sport a Zacks Rank #1 (Strong Buy).

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