Caliche preps open season for gas storage projects

Houston – May 15, 2023 - Caliche Development Partners II is set to kick off a non-binding open season for up to 14 Bcf to support the development of two natural gas storage caverns in Texas.

The process covers firm storage service at two additional caverns at Caliche’s Golden Triangle Storage facility in Beaumont, Texas, PeakLoad has learned.

The open season will provide prospective customers with the opportunity to bid for up to 8 Bcf in cavern three and 6 Bcf in cavern four of firm storage service capacity on a multi-year basis.

Bids for between 0.5 Bcf and a full cavern of capacity will be accepted and evaluated.

Injection and withdrawal rights will be limited to 600 MMcf/d per expansion cavern, totaling 1.2 Bcf/d for both expansion caverns.

Bids for capacity must include a minimum of a five-year term, with Golden Triangle Storage giving greater consideration for longer terms — up to 20 years.

“Expansion of our recently acquired GTS facility brings additional firm deliverability to a region with increasing demand for storage to support variable power loads and LNG export activities, and we believe our focus on safe operations and the combined reliability of the four caverns place our team in a position to support customers looking for that safety, deliverability and reliability,” Dave Marchese, ceo of Caliche, said in a statement.

The open season process begins 9X00 a.m. Central Time tomorrow YMay 16Z and concludes at 11X59 a.m. Central Time on June 16.

Firm storage service made available through this open season is expected to support commencement of gas injections into storage in April 2026 and April 2027, respectively.

Sam Wallace, v.p. of commercial, and Jason Evans, manager of commercial operations, are running the process for Caliche.

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