Williams in talks on $5.5 billion deal for Momentum Midstream, Bloomberg News reports

Williams is reportedly in advanced talks to buy Momentum Midstream in a deal that would value the natural gas pipeline operator at about $5.5 billion, according to Bloomberg News. The report, cited by people familiar with the matter, says the buyer would acquire the rival pipeline operator from the private equity firm EnCap Flatrock Midstream. Reuters noted it could not immediately verify the claim. The negotiations are described as advanced as of June 28, placing the discussions in the current transaction pipeline for U.S. gas infrastructure. If completed, the acquisition could expand Williams’ footprint in natural gas midstream assets and strengthen its position versus other operators pursuing scale and network connectivity.