Williams Executes Agreements with Coterra and Dominion Energy for Delivery of Full-Value Chain Certified Low Emission Next Gen Gas

Williams (NYSE: WMB) today announced the execution of agreements with Coterra Energy and Dominion Energy Virginia establishing the industry’s first next generation natural gas certification process across all segments of the value chain from production through gathering and transmission with deliveries through 2023. Williams is leveraging block-chain secured technology via Context Labs’ Decarbonization as a Service (DaaS) platform to track and measure end-to-end emissions through the aggregation and reconciliation of multiple sources of data to provide a path-specific methane intensity certification that meets or exceeds industry leading measurement protocols. KPMG LLP will perform third-party verification of the methane intensity certification and low-emission attributes of next gen natural gas.

“Williams is proud to launch the industry’s first comprehensive next gen natural gas platform to bring greater trust, transparency and transactability to the certified gas market,” said Chad Zamarin, Senior Vice President of Corporate Strategic Development for Williams. “As we look to a low-carbon energy future, Williams is committed to leading our industry with credible solutions to benefit our customers and their sustainability goals.”

“Coterra is pleased to partner with Williams in deploying this exciting new technology which has the potential to change how we measure and report emissions data,” said Blake Sirgo, Senior Vice President of Operations for Coterra Energy. “We remain focused on being an environmental leader and we are optimistic that this reference implementation will further aid Coterra in our ongoing efforts to reduce our emissions by developing, adopting and implementing innovative technologies and practices.”

“Our partnership with Williams and Coterra is another important step in reducing emissions across the entire natural gas value chain,” said Cedric Green, Senior Vice President of Power Generation for Dominion Energy Virginia. “Certified, low-emissions natural gas is a vital part of achieving our goal of net zero greenhouse gas emissions by 2050. We look forward to continuing this and other innovative partnerships to deliver affordable, reliable and clean energy to the customers we serve.”

Through its Sequent Energy Management business, Williams is building a marketing platform to sell trusted low-carbon and net-zero next gen natural gas to utilities, LNG export facilities and other clean energy users with the goal of helping customers reduce emissions and meet their climate commitments. The delivery of next gen natural gas highlights the low-carbon benefits of Coterra’s production in northeast Pennsylvania and Williams’ gathering and transmission operations to provide a differentiated low-emission gas product for Dominion Energy Virginia. Over the 1-year duration of the project, this pathway is estimated to avoid 120,000 metric tons of CO2e emissions when compared to the national average methane emissions for the production, gathering and transmission segments.