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
16 January 2026
The country’s global energy importance and domestic political fate are interlocked, highlighting its outsized oil and gas powers, and the heightened fallout risk
16 January 2026
The global maritime oil transport sector enters 2026 facing a rare convergence of crude oversupply, record newbuild deliveries and the potential easing of several geopolitical disruptions that have shaped trade flows since 2022
15 January 2026
Rebuilding industry, energy dominance and lower energy costs are key goals that remain at odds in 2026
14 January 2026
Chavez’s socialist reforms boosted state control but pushed knowledge and capital out of the sector, opening the way for the US shale revolution
