Williams and Boardwalk to Pursue Joint Development of NGL Pipeline System to Transport Marcellus, Utica Mixed NGLs to Growing Petchem and Export Markets

TULSA, Okla. & HOUSTON--(BUSINESS WIRE)--Williams (NYSE: WMB) and Boardwalk Pipeline Partners, LP (NYSE: BWP) today announced that they have executed a letter of intent to form a joint venture that would develop a pipeline project to transport natural gas liquids from the infrastructure-constrained Marcellus and Utica shale plays to the rapidly expanding petrochemical and export complex on the U.S. Gulf Coast, as well as the developing petrochemical market in the Northeast U.S.