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