
Gas storage tank. (Source: Shutterstock)
The first Texas greenfield gas storage facility in over a decade opened Jan. 16 in Anderson County, about 100 miles southeast of Dallas.
Independent company Trinity Gas Storage started operations for the first phase of its facility, which has a current natural gas capacity of 24 Bcf, according to a Jan. 16 press release.
In its announcement, the company said the site was in an ideal location to support growing demand for electric power and data centers. Trinity has secured contracts with utilities, natural producers and marketing and trading companies with connections to the LNG market.
“The opening of the facility marks a significant achievement for Texas’ energy security and electrical reliability,” said Trinity CEO Jim Goetz in the press release.
Trinity plans to finish the next phase of the facility in the second quarter of 2026.
The project sponsor, Transition Equity Partners (TEP), led the investment alongside Pan Capital Management, Rice Investment Group, SailingStone Capital Partners and Abrdn PLC.
“Having followed ERCOT, the Texas grid and its energy system since the deregulation of generation in 1999, the need for incremental gas storage was evident to TEP and the multi-faceted consortium of investors it assembled who collectively brought expertise in gas storage, upstream, midstream and development to this exciting project,” said Pat Eilers, managing partner and founder of Transition Equity Partners.
Recommended Reading
Exxon CEO Darren Woods: Hydrogen Incentives ‘Critical’ for Now
2025-02-03 - Exxon Mobil CEO Darren Woods said the end goal for energy policy should be a system in which no fuel source remains dependent on government subsidies.
Belcher: Texas Considers Funding for Abandoned Wells, Emissions Reduction
2025-03-20 - With uncertainly surrounding federal aid as the Trump administration attempts cost cutting measures, the state is exploring its own incentive system to plug wells and reduce emissions.
Energy Transition in Motion (Week of Feb. 7, 2025)
2025-02-07 - Here is a look at some of this week’s renewable energy news, including a milestone for solar module manufacturing capacity.
Trump Fires Off Energy Executive Orders on Alaska, LNG, EVs
2025-01-21 - President Donald Trump opened his term with a flurry of executive orders, many reversing the Biden administration’s policies on LNG permitting, the Paris Agreement and drilling in Alaska.
Report: Trump to Declare 'National Energy Emergency'
2025-01-20 - President-elect Donald Trump will also sign an executive order focused on Alaska, an incoming White House official said.
Comments
Add new comment
This conversation is moderated according to Hart Energy community rules. Please read the rules before joining the discussion. If you’re experiencing any technical problems, please contact our customer care team.