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.
Today Annova LNG received its Draft Environmental Impact Statement (DEIS) prepared by the Federal Energy Regulatory Commission (FERC) for the Annova LNG Brownsville Project (Project). The issuance aligns with the estimated schedule the agency outlined in August and propels the project through another significant milestone.