Key facts
- Caliche Development Partners III approved the first phase of the Spindletop expansion.
- The decision was made by its subsidiary Golden Triangle Storage, LLC.
- The FID follows recent FERC approval for the project.
- The expansion aims to meet rising demand for natural gas storage.
Caliche Development Partners III, operating through its subsidiary Golden Triangle Storage, LLC, has announced a Final Investment Decision (FID) for the initial phase of the Spindletop expansion project. This significant development comes shortly after the project received approval from the Federal Energy Regulatory Commission (FERC). The decision is driven by increasing market demand for natural gas storage solutions. The Spindletop expansion is expected to enhance Caliche's capacity to meet these growing needs in the energy market.