FERC Greenlights Caliche’s Next Phase of Growth, Positioning GTS to Become the Gulf Coast’s Largest Storage Hub by Volume and Injectability

HOUSTON, March 23, 2026 /PRNewswire/ — Caliche Development Partners III (“Caliche”) today confirmed that the Federal Energy Regulatory Commission (“FERC”) has granted to Caliche’s subsidiary Golden Triangle Storage, LLC (“GTS”) a certificate of public convenience and necessity for GTS to add another 30 Bcf of natural gas storage capacity and up to 1 Bcf/day on injection and withdrawal capabilities at its federally regulated, interstate storage complex in Beaumont, Texas.  Positioning GTS to become the Gulf Coast’s largest storage hub by volume and injectability, the Spindletop Expansion Project will consist of four new salt dome storage caverns and surface-mounted support equipment.  Caliche has continued to successfully expand GTS since acquiring the asset from Southern Company in 2022.  In 2024, FERC authorized doubling GTS capacity to 28 Bcf with two new underground caverns, additional compression, and a new brine disposal well and related pipeline.  FERC’s latest approval puts GTS on track to expand operations again to more than 60 Bcf of natural gas storage capacity with up to 2.2 Bcf/day of injection and 2.5 Bcf/day of withdrawal capabilities across eight caverns.

Full story available on Benzinga.com