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Investing.com -- Williams Cos . (NYSE:WMB), one of the world’s largest pipeline operators, forecasts that liquid natural gas (LNG) will grow to represent more than 25% of the US gas market within the next decade, up from about 15% currently.
Chief Executive Officer Chad Zamarin shared this outlook during a Bloomberg TV interview on Tuesday, stating: "If you look at LNG in the US, we expect a doubling of LNG production over the next 10 years."
The United States has emerged as the top global LNG producer, with exports becoming a key growth area for midstream pipeline operators like Williams. LNG export facilities under construction along the US Gulf Coast are set to double capacity, creating new supply opportunities for pipeline companies.
Zamarin also pointed to increasing power demand driven by artificial intelligence and data center construction as additional factors supporting the company’s growth strategy.
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