Williams has agreed to buy the gathering and processing assets of Trace Midstream in the Haynesville shale region in the US for $950m.
Trace Midstream's Haynesville assets include the Gemini Carthage Pipeline (GCP) System, Endeavour Gathering System and Star Gathering System.
The gathering and transmission pipeline systems run through Panola and Harrison counties in East Texas and certain parishes in Louisiana. These include over 386km of high and low-pressure pipelines as well as various treating and dehydration facilities.
Through the deal, Williams will increase its gathering capacity in the Haynesville basin from 1.8bn cubic feet (Bcf/d) to over 4Bcf/d.
The transaction, which is subject to regulatory approvals, is scheduled to be completed in the second quarter of 2022.
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