Black Bay Backs Gulf Coast Midstream’s Nash Energy Storage Hub

Gulf Coast Midstream Partners, LLC has secured a growth capital investment and equity commitment from Black Bay Partners to advance development of the Nash Energy Storage Hub, a large-scale natural gas storage and transportation project in Fort Bend County, Texas. 

The project, located on the Nash Salt Dome, is strategically positioned near more than 15 major inter- and intrastate pipelines serving LNG facilities, utilities, industrial users and upstream energy operators across Texas, Louisiana and the broader Gulf Coast. The initial funding will support Phase I development through final investment decision, which is targeted for the first quarter of 2027, with an expected in-service date in mid-2030. 

The Nash Energy Storage Hub is designed to address growing demand for natural gas storage capacity, particularly as LNG exports and power generation needs continue to expand. Future phases could include the development of up to four additional salt caverns, subject to market demand and regulatory approvals. 

“The gap between current natural gas storage capacity and projected future storage needs represents an attractive market dynamic, and the Nash Energy Storage Hub sits at the center of that opportunity,” said John Lancaster. 

Gulf Coast Midstream is led by CEO Edmund Knolle, alongside a management team with experience across subsurface development, operations and land management. 

Troutman Pepper Locke LLP served as legal advisor to GCMP, while Kirkland & Ellis advised Black Bay.