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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

Slovakia to Sell Off 49 PercentOf Russia-West Europe Pipeline

LCG, Aug. 31, 2001--The Republic of Slovakia yesterday offered for sale a 49 percent interest in the country's natural gas monopoly, Slovensky Plynarensky Priemysel, or SPP, in what may be the largest energy sector privatization in Europe this year.

Whoever controls SPP controls the Slovak section of the natural gas pipeline linking Russia and Western Europe, which carries 80 percent of Russian gas to the West. While the Slovak government will retain a 51 percent stake in the business, it is offering operating control to the purchaser of the balance.

Slovak sources said the sale could net the government about $3 billion. SPP earned about $92 million last year on revenues of some $2.5 billion. Gas transportation revenues, about half of the total, have been kept low for political reasons.

Two consortia have already expressed interest in the sale. One is a combination of Ruhrgas of Germany, Gaz de France and Snam of Italy and the other is RWE and Wintershall of Germany. Gazprom of Russia and Eon of Germany are expected to toss their hats into the ring.

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