Williams Companies Inc WMB penned a deal with an affiliate of Hartree Partners LP to acquire a portfolio of natural gas storage assets for $1.95 billion. The acquisition price represents around 10x the estimated 2024 EBITDA multiple. The deal includes six underground natural gas storage facilities in Louisiana and Mississippi. The facilities have a total capacity of 115 billion cubic feet (Bcf), 230 miles of gas transmission pipeline and 30 pipeline interconnects to attractive markets. The six natural gas storage facilities comprise four salt domes with a combined capacity of 92 Bcf and two depleted reservoirs
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