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NeuVentus Receives Storage Permits for its Texas Reliability Underground (TRU) Hub Salt Cavern Storage Project

LCG, April 4, 2025--NeuVentus, LLC ("NeuVentus") announced this week the receipt of a final order from the Railroad Commission of Texas (RRC) that grants a subsidiary of NeuVentus authority to create and operate 12 salt caverns for storage of a variety of gases (including natural gas and hydrogen) and liquids at its Texas Reliability Underground Hub ("TRU Hub") salt cavern storage project located in Liberty County, Texas.

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X-energy and Dow Submit Application to the NRC to Construct an Advanced Nuclear Project in Texas

LCG, March 31, 2025--Dow and X-Energy Reactor Company, LLC ("X-energy") today announced the submission of a construction permit application to the U.S. Nuclear Regulatory Commission ("NRC") for a proposed advanced nuclear project in Seadrift, Texas. The proposed advanced small modular reactor ("SMR") project could begin construction later this decade and commence operations early next decade.

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Industry News

Aquila to Buy NorCal Gas Storage Development

LCG, Aug. 23, 2001--Natural gas firm Aquila Inc. said this morning it has formed a partnership with ArcLight Energy Partners Fund I L.P. to purchase a natural gas storage development company that owns a facility now under construction in energy-short Northern California.

The company, Western Hub Properties L.L.C., a Houston-based natural gas storage development firm, owns the Lodi Gas Storage facility, located about 35 miles south of Sacramento near the farming town of Lodi.

Lodi is where most of the grapes for Tokay wine are grown.

Aquila said that the total cost to purchase and complete construction of the Lodi facility is estimated at approximately $220 million. The acquisition is subject to the approval of the California Public Utilities Commission.

"In the past year it's been clearly demonstrated that California's need for more energy is growing," said Keith Stamm, Aquila's chief executive officer. "Demand for natural gas in this region is expected to increase dramatically as new gas turbine-driven power plants come on line in 2002 and 2003."

Aquila said the facility will have the high-performance, quick-cycle capabilities, will store about 12 billion cubic feet of natural gas, have a planned injection rate of 400 million cubic feet a day and a withdrawal rate of 500 million cubic feet per day. It will be able to cycle its inventory up to six times a year.

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