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  • Annova LNG Commercial Progress Brings Equity Investment from Major Construction, Engineering Firms
    édité le 23/10/2018


Annova LNG Commercial Progress Brings Equity Investment from Major Construction, Engineering Firms
Black & Veatch Corporation and Kiewit Energy Group Inc. announced today that they have made an equity investment in the Annova LNG export project in Brownsville, Texas. Both companies cite the project’s recent commercial progress as a reason for their investment.

Concurrently, Black & Veatch and Kiewit have been awarded the engineering, procurement and construction (EPC) contract for the Annova LNG 6.0 million tonnes per annum (MTPA) project on a joint basis.

“Annova LNG is pleased to welcome Black & Veatch and Kiewit as both equity investors and strategic partners that will provide unparalleled expertise in the design, engineering and construction of our LNG facility,” said Omar Khayum, Annova LNG CEO. “We recognize that our target customers place high value on a track record of delivering critical projects on time and within budget, and Annova LNG has now taken significant steps to achieve that. The Annova LNG project continues to advance, and this announcement is another example of that progress.”

Annova LNG commercial operations is scheduled for 2024.

“The Annova LNG Brownsville Project will have a positive, lasting impact on the local community and further strengthens the Port of Brownsville’s position as a global energy hub,” said Tom Shelby, president of Kiewit Energy Group, Inc. “We are honored to serve as the EPC contractor and look forward to working with the Annova LNG team. Through our extensive experience in the energy market, we are well-equipped to engineer and construct a world-class LNG export facility.”

“Black & Veatch’s role in the Brownsville export facility underscores our reputation as a go-to EPC provider in the global oil and gas space,” said Hoe Wai Cheong, president of Black & Veatch’s oil & gas business. “This project aligns with our key strengths – LNG facilities and our EPC expertise. Our long-standing partnership with Annova and Exelon on this project started from original inception through to the FEED stage. This partnership will bolster the region’s economic future and further position the U.S. as a vital supplier to crucial export markets worldwide.”

Terms of the deal are undisclosed.

Annova LNG would support an average of approximately 700 on-site jobs over a four-year period. Upon completion of the facility, Annova LNG would employ approximately 165 permanent full-time workers to run and manage the plant.

About Annova LNG

Annova LNG is a 6.0 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 Energy Group Inc., Annova LNG is expected to be a leader among second wave U.S. LNG projects by catering to midscale LNG customers who are buying in 0.5 to 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.

About Black & Veatch

Black & Veatch has more than 50 years of LNG experience, and Annova LNG will employ the Black & Veatch PRICO liquefaction technology, a proven liquefaction system operating in more than 30 LNG plants worldwide.

About Kiewit

Kiewit is one of North America’s largest and most respected engineering and construction organizations, with roots dating back to 1884. Kiewit has successful and relevant LNG construction experience, having recently completed the engineering, procurement, construction and commissioning of the Cove Point LNG facility.


Origine : Communiqué Annova





 
 
 
 
 
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