Meta · Fortune Technology
Williams also announced a goal of 10% or higher compound annual growth in adjusted Ebitda from 2026 through 2030
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To wax philosophical, Williams is currently building the Project Socrates power project for Meta in New Albany, Ohio, with two gas-fired power plants—Plato North and Plato South—and a 20-mile pipeline slated to come online late in 2026.
Key facts
- Williams also announced a goal of 10% or higher compound annual growth in adjusted Ebitda from 2026 through 2030, an admittedly high bar to achieve
- To wax philosophical, Williams is currently building the Project Socrates power project for Meta in New Albany, Ohio, with two gas-fired power plants—Plato North and Plato South—and a 20-mile
- U.S. natural gas production was largely flat from 1970 to 2010, and then volumes spiked nearly 70% in a decade to about 100 billion cubic feet per day by 2020
- Already having risen another 20% since then, production is projected to keep surging to about 160 billion cubic feet daily by 2040, driven by data centers and exports
Summary
New pipeline construction is almost as hard to find in New York and New England as the Loch Ness Monster is in Scotland. Oklahoma-based Williams Companies will break ground April 14 on the Northeast Supply Enhancement pipeline that expands its Transco natural gas network in New York, New Jersey, and Pennsylvania. “That’s the first pipe in New York in over a decade,” Williams CEO Chad Zamarin told Fortune. Courtesy of a convergence of the AI data-center power wave, rapidly growing export facilities, and population growth, the nation’s natural gas pipeline build-out is looking at its biggest growth surge in nearly 20 years—since the beginning of the shale gas boom. While massive, long-haul pipelines are underway to liquefied natural gas (LNG) export hubs in Texas and Louisiana, a huge backlog of smaller gas pipelines or expansions is rising throughout the country from the Pacific Northwest to the Rockies and mid-continent to the Southeast to connect data centers with gas-fired power.