LA STORAGE, LLC NOTICE OF NON-BINDING OPEN SEASON FOR FIRM STORAGE SERVICE March 2, 2026
LA Storage, LLC (“LAS”) is conducting a non-binding open season (“Open Season”) to gauge market interest for highly flexible storage services at its natural gas storage facility located on the West Hackberry Salt Dome in Hackberry, LA. This notice outlines the project and storage services to be offered by LAS, and details the applicable terms, conditions, and other pertinent information regarding the Open Season. LAS owns a Federal Energy Regulatory Commission (“FERC”) regulated interstate natural gas storage facility located in Cameron Parish (“Storage Facility”) with a footprint that can accommodate up to eight caverns, along with associated infrastructure necessary for natural gas storage and transportation. Caverns 1–3 are currently under construction and expected to reach commercial operation in Q2 2027. LAS Expansion Project Overview Located in the heart of the Gulf Coast LNG demand center, LAS is strategically positioned to support upstream producers and downstream consumers with a highly flexible, reliable, and responsive natural gas storage solution. With access to multiple pipelines and close proximity to major liquefaction, industrial, and power generation markets, LAS provides critical operational optionality that enables customers to manage volatility, optimize gas flows, and maintain system reliability. In support of this demand, LAS is soliciting non-binding bids for Firm and No-Notice Storage Service to develop up to three additional natural gas storage caverns (Caverns 4–6) at the Storage Facility (the “Project”). The Project includes the development of new caverns along with the installation of additional compression and associated facilities. The services offered through this Open Season are anticipated to commence as shown in the table below, subject to final design and the receipt of all required regulatory approvals.
Courtesy of Sempra
Upon completion, the expanded facilities at LAS will provide direct access to strategically located natural gas storage and unrivaled, enhanced connectivity and optionality on its affiliated Gillis Hub Pipeline (“GHP”).
Courtesy of Sempra Infrastructure
Proposed Tariff Services This Open Season is being conducted for Firm Storage Service (FSS) and No-Notice Storage Service (NNSS). Pursuant to its pro forma FERC Gas Tariff, LAS also intends to offer a broader suite of services, including: Firm Wheeling (FW), Interruptible Storage Service (ISS), Interruptible Park (IP), Interruptible Wheeling (IW), Interruptible Loan (IL), Interruptible Imbalance Trading (IBT), and Interruptible Balancing Service (IB). Open Season Description LAS is soliciting non-binding bids for up to 22.2 Bcf of firm storage working capacity. Bids will be evaluated for requests of at least 0.25 Bcf with primary terms ranging from three to twenty years, with greater value placed on bids reflecting longer primary terms and larger maximum storage quantities. Awarded capacity may be allocated among the Project’s phased in‑service dates based on overall economic value. LAS reserves the right to accept or reject non-conforming bids.
Solicitation of Turnback of Capacity In addition to soliciting bids for the Project, LAS is accepting requests for the permanent turnback of firm storage capacity from shippers with existing contracts, to the extent such turnback would be beneficial to the design of the Project. LAS will consider any proposed turnback capacity in connection with its evaluation of the Project and only where the use of such capacity provides economic benefits to LAS, including where savings associated with the turnback exceed revenues lost. Shippers interested in turning back capacity should submit a request to LAS no later than the end of this Open Season bid period, March 30, 2026, to BusDevMidstream@SempraGlobal.com, specifying the applicable contract number, the proposed effective date of turnback, primary receipt and delivery points, and the quantity proposed to be turned back. LAS may aggregate and accept turnback requests in a manner that provides the greatest economic benefit to LAS, as determined by comparing revenues lost with savings associated with the turnback. All requests for capacity turnback will be considered on a not unduly discriminatory basis. In accordance with LAS’s pro forma Tariff, any capacity turnback request accepted by LAS shall be binding upon the Shipper in the event LAS proceeds with the Project. Anchor Customers A participant in this Open Season that executes a binding precedent agreement with LAS for a maximum storage quantity of at least 7 Bcf and a minimum primary term of ten years may qualify as an Anchor Customer, with eligibility for favorable market-based rates and other Anchor Customerspecific contract provisions. Gillis Hub Pipeline This Open Season is being conducted for Firm and No-Notice Storage Service with LAS and does not include firm transportation or wheeling services on GHP. Bidders may, however, indicate preferred receipt points on GHP and express interest in firm transportation on GHP in support of their storage request. Any requests for GHP services may be addressed by LAS in conjunction with this Open Season. Open Season Bid Period Bid Period Begin Date: March 2, 2026, at 8:30 a.m. CST Bid Period End Date: March 30, 2026, at 3:00 p.m. CST Bid Evaluation LAS will evaluate bids based on overall economic value on a net present value basis, and may prioritize bids from Anchor Customers. LAS reserves the right to award capacity to the bid or combination of bids that, in LAS’s judgment, provides the greatest overall economic benefit, and to allocate awarded capacity among the Project’s phased in-service dates. LAS will contact selected bidders to execute a confidentiality agreement with the intent of negotiating and executing a binding precedent agreement. Based on market demand evidenced through this Open Season, LAS may also consider expanding the Project to include additional caverns.
Open Season Conditions Following the close of this Open Season, LAS will evaluate the results and, as appropriate, enter into negotiations with prospective customers regarding one or more precedent agreements. Based on the outcome of the Open Season and any precedent agreements that may be executed, LAS may elect to conduct a subsequent binding open season or may proceed with development of the Project without conducting an additional open season. This Open Season notice does not constitute a binding offer, and LAS reserves the right, in its sole discretion, to decline to pursue further development of the Project regardless of the results of the Open Season. The ultimate size, scope, and configuration of the Project, as well as the level of capacity offered, may be based upon the level of market demand reflected in responses to this Non-Binding Open Season or acceptable bids received in one or more additional open seasons. The Project remains subject to the receipt of all necessary internal approvals and regulatory authorizations from applicable state and federal agencies, including but not limited to the Louisiana Department of Conservation and Energy and the FERC. Accordingly, LAS reserves the right to modify the size, configuration, capacity, and/or other aspects of the Project based on the foregoing, as well as regulatory considerations and changes in market conditions. LAS also reserves the right to proceed with one or more alternative projects that may be defined through the contracting process, including alternative projects derived from requests received during the Non-Binding Open Season that may better reflect the timing, scope, or markets requested. Any such alternative projects may be pursued by LAS and/or one or more of its affiliates. No request for service shall be binding on LAS unless and until a binding precedent agreement has been duly executed by authorized representatives of both LAS and the requesting customer. All bids will be treated as confidential and will not be disclosed except as authorized by the bidder or as required by applicable law or regulation. While LAS has made efforts to ensure the accuracy of the information provided in this Open Season, all information is provided “as-is” without any representations or warranties, express or implied, as to accuracy, reliability, or completeness. Finally, LAS reserves the right to cancel or modify the terms of this Non-Binding Open Season and to extend the time for submitting bids. Creditworthiness Prior to LAS executing a precedent agreement with any requesting customer, the customer must satisfy LAS’s creditworthiness standards or agree to provide additional security, as determined by LAS on a not unduly discriminatory basis. A customer will be deemed creditworthy if its long-term unsecured debt is rated at least “BBB-” by Standard & Poor’s Ratings Service (“S&P”), “Baa3” by Moody’s Investors Service, Inc. (“Moody’s”), or “BBB-” by Fitch Ratings, Inc (“Fitch”). If the customer is not rated, it may, at its own expense, obtain a private rating from S&P, Moody’s, Fitch, or a mutually acceptable independent rating agency.
Prospective bidders should complete the bid form below and submit it via email to BusDevMidstream@SempraGlobal.com, with bids structured in accordance with the parameters described therein. Questions regarding the Open Season should be directed to Alan Humphrey at AHumphrey@SempraGlobal.com or 601-603-0090.
