June 28 (Reuters) - U.S. pipeline operator Williams
is in advanced talks to acquire rival natural gas pipeline
operator Momentum Midstream for about $5.5 billion, Bloomberg
News reported on Sunday, citing people familiar with the
matter.
The Tulsa, Oklahoma-based company is putting the finishing
touches on an agreement to buy Momentum from private equity firm
EnCap Flatrock Midstream, the report said, adding that a deal
could be announced in about a week.
Reuters could not immediately verify the report. Williams
Companies ( WMB ), Momentum Midstream and EnCap Flatrock Midstream did
not immediately respond to a request for comment.
The deal would give Williams additional capacity to move gas
from the Haynesville shale to U.S. Gulf Coast export terminals,
the Bloomberg report said.
No final decision has been made and EnCap could still opt to
retain the company, according to the report.
Williams is exploring acquiring U.S. natural gas production
assets as it looks to secure supplies for its offerings to
hyperscalers and data center clients, Reuters reported in
February.
Momentum Midstream operates around 4,000 miles (6,437 km) of
pipelines, serving more than 140 customers across its network,
according to the company website. It also serves 10 liquefied
natural gas facilities and 26 power plants.