Houston – January 30, 2024 – Caliche Development Partners II announced today that it is holding another non-binding Open Season at its Golden Triangle Storage, LLC (GTS) storage project. The process begins 9:00 AM Central Time on Thursday, February 1, 2024 and concludes at 11:59 AM Central Time on Thursday, February 29, 2024, for natural gas Firm Storage Service under Rate Schedule FSS in support of the development of a fifth natural gas cavern at the company’s FERC regulated, interstate facility located in Beaumont, TX.
This announcement comes on the heels of anchoring 90% of the space in the two recently announced natural gas expansion caverns under long-term contract, and fully subscribing a new helium cavern that will be the world’s largest.
The Open Season will provide prospective customers with the opportunity to bid for up to 7.5 billion cubic feet (Bcf) of FSS capacity on a multi-year basis. Bids between 0.5 Bcf and a full cavern of capacity will be accepted and evaluated. Bids for capacity must include a minimum of a 5-year term, with GTS giving greater consideration for longer terms (up to 20 years). GTS will not award any capacity pursuant to this Open Season until after economic analysis. All bids submitted during the Bid Period will be treated as being received at the same time.
Firm Storage Service made available through this Open Season is expected to support commencement of gas injections into storage in April 2028.
For information regarding Caliche II’s Open Season or to submit non-binding bids for storage capacity, please contact Sam Wallace, VP of Commercial (swallace@calichestorage.com) or Jason Evans, Director of Commercial Operations (jevans@calichestorage.com).
Bid Forms may be found on the GTS Information Posting Website under the “Notices” section at http://www.gasnom.com/ip/goldentriangle. Additional information is available at https://calichestorage.com/gts.
Finance Contact: David Saindon – dsaindon@calichestorage.com
Media Contact: Emily C. Walsh – emilycampagnawalsh@gmail.com