Williams said on Aug. 8, that it concluded an agreement to support the selling and transportation of certified, low emissions next-gen natural gas from PennEnergy Resources LLC.
According to the deal, Williams will construct a marketing portfolio to market the natural gas to utilities, LNG export facilities, and other facilities which can efficiently use clean energy.
Moreover, the agreement involves a certification process that verifies best practices are being followed to reduce emissions and produce natural gas in an environmentally responsible manner collaborating with an independent third party.
The partnership with PennEnergy is a continuation of Williams' strategy to collect, market, and deliver low-carbon natural gas to the end user from the wellhead.
PennEnergy Resources chairman and CEO Rich Weber claimed that the company was looking forward to forging this partnership, as the future opportunities to deliver responsibly sourced natural gas meet the market's increasing demands.
Responsibly Sourced Gas (RSG) is a distinct classification of natural gas that is independently verified to be produced the most environmentally.
PennEnergy follows high standards in the marketplace, as they demonstrate its strengths and highlight its dedication and investments which were made over many years to ensure the safety of the employees, the community, and the environment.
PennEnergy's 378 production wells in southwest Pennsylvania supply the US with natural gas and they have achieved Platinum status from Project Canary's TrustWell certification.
PennEnergy Resources was founded in 2011 by Richard D. Weber and Gregory D. Muse, energy executives with over 50 years of combined industry experience, and is based in Pittsburgh, Pennsylvania with a workforce of over 105 employees.
Williams is developing clean hydrogen, carbon capture, storage, solar, and renewable natural gas projects as part of its focus on commercializing innovative technologies, markets, and business models that support a clean energy economy.
Before signing this agreement, Williams also recently developed a partnership with Context Labs, a decarbonization technology provider, to gather, market, and deliver responsibly sourced gas.
For Williams that is another exciting step in its multi-faceted strategy to raise the transportation of next-gen gas to markets across the US as well as overseas. With the large-scale gathering and processing footprint in the best U.S. production basins, the connectivity to the nation's biggest natural gas customers, and the industry-leading Sequent marketing platform, the company makes its best to facilitate the efficient gathering, marketing, and delivery of responsibly sourced natural gas.
As the first North American midstream company to announce comprehensive and actionable climate targets, Williams is committed to addressing climate change in a pragmatic and economically feasible manner to successfully leverage our natural gas-focused business to reduce emissions and build a clean energy economy. By setting a near-term goal of a 56% reduction in greenhouse gas emissions by 2030 as part of our climate commitment, Williams is well in line with the country's recently announced Nationally Determined Contribution target of a 50-52% emissions reduction by 2030.
