The chief executive of Williams, a natural gas processing and transportation specialist, said mounting calls for LNG and robust summer cooling demand are driving exceptional activity levels on the Transcontinental Gas Pipe Line Co. (Transco) system, bolstering the company’s outlook.

Haynesville Prices

The past two months rank among the hottest Junes and Julys on record in the United States, respectively, while fallout from Russia’s invasion of Ukraine boosted already elevated demand for American supplies of liquefied natural gas. These demand drivers have catapulted natural gas futures above $8.00/MMBtu this summer, double year-earlier levels, with more heat on the way in August and no end in sight to the war.

“We continue to see strong fundamentals driving a great pipeline of growth...