"The only way we're going to be able to keep up with the kind of power demand and the electrification that's already afoot is natural gas," Williams Companies CEO Alan Armstrong said in an interview Thursday.
Williams Companies handles about one-third of the natural gas in the U.S. through a pipeline network that spans more than 30,000 miles.
Some of the largest independent data center developers, which build the infrastructure that houses servers for other companies, have approached Williams to receive natural gas capacity directly from the company's pipelines, Armstrong said.
We've run out of alternatives — we can't meet the needs of our customers without using natural gas,'" Armstrong said, without disclosing names.
Williams projects natural gas to demand to grow 18% from 2023 through the end the decade across all sources of consumption, including power generation and liquid natural gas, Armstrong said.
Persons:
Alan Armstrong, Williams Cos, Carter Smith, Williams, Armstrong, We've, We're
Organizations:
P Global, Bloomberg, Getty, CNBC, Williams, Williams Companies, Transcontinental, U.S, Dominion Energy, Southern Company
Locations:
Houston , Texas, U.S, Virginia, Georgia, Turkey, Atlanta