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  • Annova LNG Approved for Non-FTA Export
    édité le 13/02/2020


Annova LNG Approved for Non-FTA Export
The U.S. Department of Energy (DOE) has authorized Annova LNG to export liquefied natural gas (LNG) to nations where the United States does not have a free trade agreement (FTA), positioning Annova LNG to help coal-reliant nations diversify their energy supply with lower-carbon, U.S. produced natural gas. The 20-year authorization does not include countries with which trade is prohibited by U.S. law or policy.

“This authorization from the DOE allows us to reach more customers worldwide and is another milestone accomplished as we make progress towards a final investment decision,” said Omar Khayum, CEO, Annova LNG. “Exporting natural gas through our well-controlled, renewable-powered liquefaction process to non-FTA countries that are heavy coal consumers will help reduce worldwide greenhouse gas emissions, which benefits us all.”

DOE authorized export of approximately 360 billion cubic feet per year (Bcf/yr.), which corresponds to 6.95 MTPA, the optimal production capacity of the facility. Annova LNG plans to start operations of the facility at 6.5 MTPA and increase output as operating conditions and commercial demands allow.

The Federal Energy Regulatory Commission (FERC) approved construction of the facility on November 22, 2019.

“Our disciplined focus on structure, strategy and sustainability differentiates Annova LNG from our competitors and underpins our ability to create long-term value for our customers,” said Khayum. “Annova LNG is positioned to be one of the most sustainable and reliable providers of LNG from the United States.”

Specifically, the LNG facility plans to utilize electric-driven compressor engines and source its electricity through 100 percent carbon-free renewable energy resources.

About Annova LNG

Annova LNG is a 6.5 MTPA liquefied natural gas export facility under development at the Port of Brownsville, Texas. With an experienced leadership team and investment-grade equity owners including Exelon Corporation, Black & Veatch Corporation and Kiewit Corporation, Annova LNG is expected to be a leader among second wave U.S. LNG facilities by catering to midscale LNG customers who are buying in 1.0 MTPA increments. The facility would diversify the Brownsville and the Rio Grande Valley economy and provide a much-needed boost by creating thousands of direct and indirect jobs from construction through operations.


Origine : Communiqué Annova LNG





 
 
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