Annova LNG signed a Precedent Agreement with Valley Crossing Pipeline, LLC (VCP), providing transportation for Annova LNG's total natural gas requirements at its 6.5 MTPA liquefied natural gas (LNG) facility in Brownsville, Texas.

Annova LNG received its FERC authorization today from the U.S. Federal Energy Regulatory Commission (FERC) to construct and operate its mid-sized liquefied natural gas (LNG) export facility located in Brownsville, TX.

The U.S. Fish & Wildlife Service issued its final biological opinion for the Annova LNG project in Brownsville, Texas this week, saying, "It is the opinion of the Service that the proposed construction of the Annova LNG project will not likely jeopardize the continued existence of the ocelot or Gulf Coast jaguarundi."

Annova LNG agreed to a 10-year tax abatement with Cameron County today. During construction, Annova LNG will make direct payments to the county of $5.5 million for community projects, in addition to property taxes. During operations, Annova LNG will pay $500,000 annually in a payment in lieu of taxes (PILOT) for a total of $5 million over 10 years.