en.Wedoany.com Reported - According to a report by Bloomberg citing sources familiar with the matter, US pipeline operator Williams is in advanced talks to acquire rival natural gas pipeline operator Momentum Midstream in a deal valued at approximately $5.5 billion. The Tulsa, Oklahoma-based company is finalizing an agreement to acquire Momentum from private equity firm EnCap Flatrock Midstream, with the deal potentially being announced within a week.

Reuters was unable to immediately verify the report. Williams Companies, Momentum Midstream, and EnCap Flatrock Midstream did not immediately respond to requests for comment. The acquisition would give Williams more capacity to transport natural gas from the Haynesville Shale to export terminals along the US Gulf Coast. A final decision has not been made, and EnCap may still choose to retain the company.

According to information on the company's website, Momentum Midstream operates approximately 4,000 miles (about 6,437 kilometers) of pipelines, with a network covering over 140 customers. Its service scope also includes 10 liquefied natural gas facilities and 26 power plants. Reuters reported in February that Williams was exploring the acquisition of US natural gas production assets to ensure supply security for its hyperscale cloud service providers and data center clients.

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