U.S. Pipeline Giant Eyes $5.5 Billion Deal to Expand LNG Reach

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Williams, a major US natural gas pipeline company, is reportedly nearing a $5.5 billion acquisition of Momentum Midstream, which would significantly expand its LNG pipeline operations. The deal is in late-stage talks but not yet finalized.

U.S. natural gas pipeline giant Williams could be close to one of its biggest acquisitions ever as it is in late-stage talks to acquire gas pipeline operator Momentum Midstream in a deal estimated to be worth about $5.5 billion, sources with knowledge of the development have told Bloomberg. Tulsa-based Williams could announce within weeks the deal to buy Momentum Midstream from private equity firm EnCap Flatrock Midstream, according to Bloomberg’s anonymous sources. The agreement is not a done deal yet, as no final decision on the transaction…