Underground storage of natural gas. (Source: Shutterstock)
Pipeline developer NeuVentus LLC is holding an open season for natural gas storage at its Texas Reliability Underground Hub (TRU Hub) salt cavern storage project, the company said May 14.
The open season provides prospective customers the opportunity to bid for up to 20 Bcf of firm storage service capacity at the first two caverns at TRU Hub, NeuVentus said in its release.
The TRU Hub, located in Liberty County, Texas, is a fully permitted 12-cavern salt storage project, sited at the Moss Bluff salt dome.
When fully developed, TRU Hub's 12 salt caverns will represent approximate total capacity of up to 96 Bcf of gas capacity, 128 MMbbl of liquids storage, or a combination of gas and liquids cavern capacity, the company said.
The hub is designed to provide “quick-turn gas injection and withdrawal services” for Texas Gulf Coast energy customers including LNG export plants, ERCOT/MISO power generators, data centers, industrial users, pipeline operators and global energy companies, NeuVentus said.
The bidding process begins at 9 a.m. CT on May 14 and concludes at 5 p.m. CT on June 27.
NeuVentus is a wholly-owned subsidiary of investment firm Lotus Infrastructure Partners.
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