<div id="readability-page-1"><div>By Nic StoneDallas-based Trinity Gas Storage has closed a credit facility backing Phase II of its gas storage development project in East Texas, while also reaching positive final investment decision on the scheme. The Phase II expansion is being financed through a credit facility led by Deutsche Bank and Societe Generale, serving as joint lead arrangers and joint lead bookrunners, with BankUnited serving as depository bank. Trinity Gas Storage has not publicly disclosed a specific capital cost figure for its Phase II expansion, however it closed a US$189m funding deal via Investec in 2023 for Phase I.Phase II will add at least 13bn cubic feet of incremental working gas capacity, along with two additional pipeline interconnects. The additional capacity is expected to be placed into service on August 1 2026. Founded in 2011, Trinity Gas Storage is backed by investors led by Transition Equity Partners, alongside Pan Capital Management, Rice Investment Group, SailingStone Capital Partners, and Abrdn. </div></div>

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Trinity Gas Storage has secured a credit facility for Phase II of its gas storage project in East Texas, led by Deutsche Bank and Societe Generale. The expansion will add 13bn cubic feet of gas capacity and two pipeline interconnects, expected to be operational by August 2026. The company previously closed a $189m funding deal for Phase I in 2023. Trinity is backed by Transition Equity Partners and other investors.

US – Trinity lands storage PF