Gulf Coast Midstream Launches Open Season for Natural Gas Storage Services at Freeport Hub
(P&GJ) — Houston-based Gulf Coast Midstream Partners LLC (GCMP) has announced an open season for firm gas storage services at its Freeport Energy Storage & Sequestration Hub (FRESSH) under development near Freeport, Texas.
“Given ongoing natural gas price volatility and the acute shortages experienced in natural gas and electric power markets during Winter Storm Uri in 2021, we believe the time has come to develop new, strategically-located HDMC gas storage capacity to serve the Texas Gulf Coast market. Our FRESSH project will do just that,” John M. Hopper, GCMP’s CEO, said.
GCMP’s FRESSH project is strategically located for providing high deliverability, multiple inventory cycle (HDMC) gas storage services to the Texas Gulf Coast intrastate market, with potential connectivity to as many as 11 intrastate pipeline segments. Additional connectivity may be available for up to 3 interstate pipelines under Section 311 of the Natural Gas Policy Act.
Phase I of the FRESSH project will consist of 12 billion cubic feet (Bcf) of working gas storage capacity with an aggregate injection capability of 400,000 scf/d and an aggregate withdrawal capacity of more than 800,000 scf/d. GCMP’s HDMC gas storage service offerings include 30-day (peaking), 45-day (8-turn), 60-day (6-turn) and 90-day (4-turn) services.
“The FRESSH project location is also being developed for carbon sequestration (for up to 400 million metric tonnes of CO2) because of its proximity to CO2 pipelines and emissions sources along the Texas Gulf Coast,” John M. Hopper, GCMP’s CEO, said. “It’s unique in that the project can accommodate – at scale – not only natural gas storage but also all hues of hydrogen storage as well as carbon sequestration at a single location. We are not aware of any other storage or carbon sequestration project that can do that.”
The open season will commence November 3, 2022, and end on November 17, 2022. GCMP contacts for open season bid information follows below.
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