Annova LNG Brownsville Project Takes Step Forward in Commercialization

With the recent Federal Energy Regulatory Commission (FERC) announcement of the Notice of Schedule for Environmental Review (“NOS”) for the Annova LNG Brownsville Project, Annova LNG has updated its estimated project schedule.

“FERC’s Notice of Schedule represents forward progress toward the commercialization of our 6.0 MTPA LNG export facility in Brownsville, Texas, which caters to midscale LNG customers who are buying in 1.0 MTPA increments,” said Annova LNG CEO Omar Khayum. “This announcement brings Annova LNG and the Rio Grande Valley another step closer to becoming a leader in the U.S. LNG export business.”

Following are the highlights of the updated estimated project schedule:

Milestone | Estimated Completion
Draft Environmental Impact Statement Issued by FERC | Fourth Quarter 2018
Final Environmental Impact Statement Issued by FERC | Second Quarter 2019
Final FERC Authorization | Third Quarter 2019
Final Investment Decision | Fourth Quarter 2019
Commercial Operations | 2024

“I want to thank all of our supporters and the hard-working members of the Annova LNG team for their efforts to help us achieve this significant accomplishment,” said Khayum.

Since 2014, a team of technical, environmental and legal advisers have completed Front End Engineering Design (“FEED”); submitted Resource Reports covering a wide range of environmental, engineering and safety aspects of the proposed project; and have addressed hundreds of detailed comments by FERC and other federal and state agencies, including the U.S. Fish and Wildlife Service, U.S. Army Corps of Engineers, U.S. Coast Guard and Texas Commission on Environmental Quality.

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 (million tonnes per annum) liquified natural gas export facility under development at the Port of Brownsville, Texas. The facility would provide a much-needed boost to the economy in Brownsville and the Rio Grande Valley. The Annova LNG Brownsville Project would diversify the regional economy and create thousands of direct and indirect jobs from construction through operations. The project is designed with a footprint that minimizes environmental impacts and meets or exceeds state and federal safety standards.