New York Pipelines Back From Dead Signal Gas Revival Under Trump
Williams’ natural gas pipeline projects are gaining traction again and are shaping up as a key test of whether Trump’s energy agenda can overcome deep-rooted environmental opposition.
Protesters outside city hall in Manhattan to call out building new natural gas pipelines.
Photographer: Scott Rossi/Bloomberg
As he sat down for dinner with executives from Williams Cos. back in May, Wall Street fund manager Henry Hoffman was skeptical about the pipeline operator's prospects. Endless permitting issues and delays had plagued new natural gas infrastructure in the US for years and made some projects impossible to build.
Yet as the evening went on, Hoffman recalled, he was struck by the confidence in the room — that, finally, things were going Williams' way. Something had clearly shifted. Most notably: Williams' Northeast pipeline ambitions, long-stalled projects to carry shale gas from Pennsylvania into the region, are back from the dead under the Trump administration.