Gulf Coast Midstream Partners Receives Investment for Natural Gas Storage Hub Development
Gulf Coast Midstream Partners has secured growth capital from Black Bay Partners to progress the Nash Energy Storage Hub project in Texas. This investment will support the advancement of Phase I, targeting a final investment decision by Q1 2027.
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Gulf Coast Midstream Partners, LLC has secured an investment from Black Bay Partners to develop the Nash Energy Storage Hub in Fort Bend County, Texas. This project includes two storage caverns with a total capacity of approximately 23 billion cubic feet (Bcf) and aims for a high-turn natural gas injection capacity of about 0.9 bcf/d and withdrawal capacity of 1.5 bcf/d.
The Texas Railroad Commission approved Phase I in July 2025, and a non-binding open season for firm natural gas storage is planned for Q3/Q4 2026. The anticipated FID for Phase I is set for Q1 2027, with initial service expected by mid-2030. The investment supports the need for increased natural gas storage capacity amidst rising demand.
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