Annova LNG grinds forward
A recent pipeline access agreement is a step forward for the Gulf Coast LNG export project, but an FID still faces obstacles
The proposed Annova LNG export project in south Texas has taken a step forward in the race among US LNG export developers to be the next to reach a final investment decision (FID). In late January, the firm struck a deal to reserve capacity for all of its feedgas over a 20-year period through the Enbridge-operated Valley Crossing pipeline—which will connect its proposed 6.5mn t/yr liquefaction plant to the Agua Dulce gas hub. The company has yet, though, to announce any offtake deals and has potential other obstacles standing in the way of an FID—which it nonetheless hopes to reach at the end of this year. Annova’s progress comes as an increasingly oversupplied global market keep spot prices
Also in this section
24 April 2024
But even planned exploration activity is unlikely to reverse declining output from mature fields
23 April 2024
Cheaper Russian barrels and lower overall crude prices have helped cut key oil consumer’s import bills in election year
22 April 2024
Pursuing three different goals as part of the same package may mean achieving none of them
22 April 2024
Beijing’s renewed targeting of NOC management could threaten investment