Overview
NeuVentus LLC (“NeuVentus”), an Austin-based energy delivery infrastructure developer, is soliciting non-binding bids for up to 20 Bcf of firm natural gas storage services at its Texas Reliability Underground Hub (“TRU Hub”), a proposed salt cavern storage project located in Liberty County, Texas. Subject to receiving sufficient binding firm commitments from prospective customers to support the project, NeuVentus plans to make its final investment decision by the end of 2025 on two natural gas caverns with a contemplated working gas capacity of approximately 10 Bcf each, for a total working gas capacity of 20 Bcf. NeuVentus expects to commence construction as soon thereafter as possible for a target phased in-service date beginning in late 2028. TRU Hub’s storage facilities will be interconnected with many major intrastate and interstate natural gas pipelines through a large-diameter natural gas pipeline header system that NeuVentus plans to construct simultaneously with the two initial salt caverns.
We are facing a defining moment in the North American energy system and particularly in natural gas infrastructure. TRU Hub’s prime location and excellent interconnectivity in the heart of the Gulf Coast, combined with the inherent flexibility of high-turn salt cavern storage, positions TRU Hub exceptionally well to meet the moment and ensure that LNG, power, datacenter, industrial and petrochemical demand growth does not come at the expense of reliability.
The bidding process begins at 9:00 a.m. Central Time on Wednesday, May 14, 2025, and concludes at 5:00 p.m. Central Time on Friday, June 27, 2025.