Annova LNG, based in Houston, has filed a request to potentially develop a mid-scale liquefaction and transfer facility at the port of Brownsville, Texas.
Exelon Generation is the majority owner of the Annova LNG Brownsville Project. “The project represents a potential opportunity to diversify Exelon’s role in the energy business in an area that shows strong growth potential: natural gas exports,” Exelon Generation President and CEO Ken Cornew said.
“Exploring LNG exports is a natural evolution of Exelon’s diversification strategy,” Cornew said. “The US offers some of the most competitive supplies of natural gas in the world, and this project provides Exelon an opportunity to continue the growth of our wholesale gas businesses.”
The project is contingent upon Annova successfully obtaining all necessary local, state and federal permits; acquisition of sufficient long-term customer commitments to buy liquefied natural gas from the facility; and broad public support of the project in South Texas. A decision whether to build the facility is expected by the end of 2017. Today’s filing marks the beginning of the projected two-year permitting process.
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