“Receipt of the FERC authorization is well timed to maintain the steady progress we are making toward completing the most sustainable and lowest-carbon LNG export facility in the U.S.,” said Khayum. The share price was calculated in accordance with terms of the transaction with Bechtel, the company said. Organizers with the Sierra Club delivered the comments to the Texas Commission on Environmental Quality headquarters in Austin ahead of a Monday afternoon deadline. The company also intends to use renewable energy to power the plant. Annova LNG is a 6.95 million tonnes per annum (Mtpa) LNG export terminal project located at the Port of Brownsville, Texas, US. Exelon Generation is the majority owner of the Annova LNG Brownsville Project. 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. Annova founder David Chung told Bloomberg that the project will ship 2 million tons of gas annually to FTA countries. Today's filing marks the beginning of the projected two-year permitting process. The TCEQ air permit does give the company permission to build. Fish and Wildlife Service, as well as various construction-related permits. Annova LNG Communications Exelon views LNG as a growth industry and stands behind Annova's proposed project in Brownsville. Liquefied natural gas, or LNG, is natural gas that has been cooled until it becomes a liquid, making it easier and more efficient to store and ship. Fuel Fix: Get daily energy news headlines in your inbox. The liquefaction/export facility would process about 6.95 million tonnes per year (Mtpa) of LNG. The facility's equity owners are Chicago-based Exelon, Enbridge, Black & Veatch Corp. and Kiewit Corp. The project will create 700 construction jobs over 54 months and 165 permanent jobs at the plant, in Brownsville, Texas. Annova LNG also consulted with the Texas Parks and Wildlife Department and the Texas Historical Commission throughout the review process. KENNETT SQUARE, PA (MARCH 11, 2015) - Houston-based Annova LNG, LLC today filed a request with the Federal Energy Regulatory Commission to initiate a review of the potential development of a mid-scale natural gas liquefaction and transfer facility at the Port of Brownsville, Texas. Exelon has a long track record of recognition for its sustainability disclosure and performance: Earlier this year, it was named to the Dow Jones Sustainability North America Index for a tenth year in a row and ranked No. The first small-format Target store in Houston is now open. “FERC provided a thorough review, in conjunction with the cooperating agencies, and examined and approved our utility-grade approach.”. Permit decisions for Annova LNG are not expected to take place until the summer. For the second year in a row, Exelon received a perfect score of 100 out of 100 possible points, making it one of the highest-ranked utilities and one of the top scorers among S&P companies on the index. The ultimate decision rests with FERC, which is not expected to make a decision until July. email@example.com. Fish and Wildlife, Annova LNG has expanded its lease and shifted the project layout to establish a 185-acre environmental conservation corridor and avoid impacting over 100 acres of wetlands. The three projects are seeking permission to take natural gas from the Eagle Ford and other shale plays, liquefy it and export to customers around the world. The pipeline is expected to move 4.5 billion cubic feet per day. Exelon Corp, nuclear power stations network operator in the U.S., acquired Annova LNG, a company that plans to export natural gas. The project calls for six trains or units to process natural gas. Since its resurgence in the 1960s, LNG operators have amassed 60 years of safe transportation and operational experience worldwide with little or no impact to the general public. And in the aftermath of the partial federal government shutdown in December and January, FERC officials also reopened their public comment period for Annova LNG through March 13. “As the world prepares for a low carbon future, reliable information about how companies are responding to the transition will be ever more valuable. TCEQ officials have favored the liquefied natural gas industry in previous rulings. Exelon’s Annova LNG has signed a 10-year tax abatement agreement with Cameron County in South Texas, Kallanish Energy reports. "These terminals would demand more fracking from across the state, industrialize our pristine coastline, subject our communities to increased pollution, and threaten the area's diverse wildlife. “We demonstrated the Annova LNG project will deliver LNG reliably and within state and federal rules and regulations,” said Khayum. Annova LNG included a regional resident employment commitment to employ a minimum 35% of full-time employees living locally, and an assurance to the county to staff the facility with a minimum of 100 full-time employees to demonstrate the organization’s commitment to bringing jobs to the region. Exelon Corp., operator of the largest US network of nuclear power stations, has acquired a company that plans to export natural gas from the shale boom. Annova LNG has contributed funding to the perpetual conservation of over 1,000 acres of land, including approximately 390 acres of dense thornscrub in the South Texas Coastal Corridor area in Cameron County that are inhabited by ocelots and has committed to an additional 250 acres of thornscrub habitat preservation. Annova LNG and Exelon Generation are committed to a consistent, long-term relationship with the community that emphasizes clear facts and inclusiveness throughout the life of this potential facility.". After pretreatment at site, the received feed gas will be processed at six liquefaction trains at the facility. 0. The project requires 26 federal, state and local permits and licenses, including approvals from the Federal Energy Regulatory Commission, U.S. Department of Energy, U.S. Army Corps of Engineers, and the U.S. The cooperating agencies included the U.S. Army Corps of Engineers, National Park Service, U.S. Environmental Protection Agency, U.S. KENNETT SQUARE, PA (MARCH 11, 2015) - Houston-based Annova LNG, LLC today filed a request with the Federal Energy Regulatory Commission to initiate a review of the potential development of a mid-scale natural gas liquefaction and transfer facility at the Port of Brownsville, Texas. With an experienced leadership team and investment-grade equity owners including Exelon Corporation, Black & Veatch Corporation and Kiewit Corporation, 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 1.0 MTPA increments. Take a sip out of the Shire Distilling Co.’s distillery... New Chrome extension can save you hundreds. ", Fuel Fix: Get daily energy news headlines in your inbox. "Brownsville is an ideal location for this potential facility," said Annova President David Chung, who also serves as vice president, LNG, for Exelon Generation. Houston-based Annova LNG, LLC files request with the Federal Energy Regulatory Commission to initiate review of potential development of mid-scale natural gas liquefaction and transfer facility in Texas. Construction of the project would support an average of 675 on-site jobs over a four-year period, which translates to approximately $324 million in direct labor income for Texans, according to an Ernst & Young economic analysis completed in February 2015. The agency issued a state air permit for NextDecade's proposed Rio Grande LNG export terminal and the supporting Rio Bravo Pipeline in December. During operations, Annova LNG will pay $500,000 annually in a payment in lieu of taxes for a total of $5 million over 10 years. Exelon’s utilities deliver electricity and natural gas to more than 7.8 million customers in central Maryland (BGE), northern Illinois (ComEd) and southeastern Pennsylvania (PECO). "Texans from across the state have spoken out countless times in opposition to Annova LNG and the other fracked gas projects proposed for our community," Sierra Club Brownsville Organizer Rebekah Hinojosa said in a statement. 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. That pipeline and related pipeline connections would move natural gas from the Agua Dulce area to Rio Grande LNG. Each LNG train at the facility will be equipped with a 72,000hp electr… Environmentalists delivered more than 1,100 comments on Monday to state regulators in opposition to Annova LNG's proposed liquefied natural gas export terminal at the Port of Brownsville. When you buy through links on our site, we may earn an affiliate commission. The proposed site could accommodate three stages of development, with each capable of producing two million tons of LNG a year for at least six million tons annually when complete. FERC officials have issued mixed rulings. In other LNG news from South Texas, NextDecade Corp. has announced it's issued $15 million of common stock to an affiliate of Bechtel Oil, Gas and Chemicals at a price of $7.08 per share. NextDecade Corp. and Enbridge Inc. have signed an agreement to jointly pursue construction of the Rio Bravo natural gas pipeline in South Texas. During construction, Annova LNG will make direct payments to the county of $5.5 million for community projects, in addition to property taxes. Houston liquefied natural gas company Annova LNG has signed a 20-year supply deal with Enbridge, a Canadian pipeline company that owns a 10.5 percent stake in Annova's proposed export terminal. The paperwork filed with FERC today was a formal notification that Annova intends to pursue permitting and licensing of the project. CHICAGO–(BUSINESS WIRE)–Global not-for-profit CDP has named Exelon to the 2015 Carbon Disclosure Leadership Index for its leadership in climate change transparency, marking the sixth time the energy company has appeared on the index, released today in the S&P edition of CDP’s annual global climate change report. Exelon Corporation (NYSE: EXC) is the nation’s leading competitive energy provider, with 2014 revenues of approximately $27.4 billion. The company bought a 96 percent stake in Annova LNG, a startup in the early stages of building a $1.3 billion liquefied natural gas-export terminal in Brownsville, Texas, David Chung, founder of Annova and now an Exelon vice president, said in an interview Friday.
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