This Friday marks the conclusion of Caliche Development Partners III’s non-binding open-season for up to 30.75 Bcf of firm natural gas storage at their FERC regulated Golden Triangle Storage (GTS) facility in Beaumont, Texas (pictured below). Caliche - an acquisition and development company specializing in underground storage of natural gas, industrial gases, and carbon sequestration - launched this open season as part of their Spindletop Expansion Project, offering firm capacity under Rate Schedule FSS at up to four natural gas storage caverns. The open season began on February 24, 2025 at 9:00 a.m., accepting bids between 0.5 Bcf and 30.75 Bcf on both existing and new pipeline interconnect points before closing on March 21, 2025 at 11:59 a.m. Contract terms may range from a minimum of 3 years to a maximum of 20 years, with preference given to longer-term commitments. Commencement of gas injections into storage is expected in Q1 2028, Q4 2029, Q2 2030, and Q2 2031, but is subject to change. All bids submitted by the Friday deadline will be treated as received simultaneously and evaluated equally after the submission window closes.
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Ready to Let Go - New Gulf Coast Gas Storage Coming Online, With Still More Capacity Being Planned
As a group, Texas, Louisiana, Mississippi and Alabama have more than 1.1 trillion cubic feet of natural gas storage capacity, most of it along — or within easy reach of — the Gulf Coast, with its long-and-growing list of LNG export terminals as well as gas-consuming industries and gas-fired power plants. That’s a good thing, but still more gas storage will be needed to help ensure there is sufficient gas in hand to meet the region’s rising — and increasingly volatile — requirements. In today’s RBN blog, we’ll continue our review of Gulf Coast storage projects with a look at plans by Trinity Gas Storage and Caliche Storage.
Ready to Let Go - Are Gulf Coast Gas Storage Rates High Enough to Support Greenfield Projects?
Many of the natural gas storage projects under development along the Gulf Coast involve the expansion of existing salt-cavern complexes and, with that, the sharing of at least some already-built infrastructure. That typically saves money, and the lower capital costs can help make a project a “go.” But at least a few well-sited projects competing for commitments are greenfield in nature and require not just the buildout of storage capacity itself but also the development of compression, freshwater wells, saltwater disposal wells, electricity supply, header pipelines and pipeline interconnections. In today’s RBN blog, we discuss two of the largest greenfield projects in the works: the Black Bayou Energy Hub in southwestern Louisiana and the Freeport Energy Storage Hub (FRESH).
Ready to Let Go - Players Are Making Moves in the Booming Gulf Coast Gas Storage Market
Rising demand for natural gas storage in the Gulf Coast region has spurred growing interest and investment. A number of midstream companies have been making moves, either by expanding their existing storage facilities in Texas, Louisiana, Mississippi and Alabama or entering the space with acquisitions or plans for greenfield projects. As a result, more than 150 Bcf of new gas storage space is in various stages of development. In today’s RBN blog, we discuss highlights from our new Drill Down Report on Gulf Coast gas storage.
