SOURCE: Annova LNG, LLC

Annova LNG, LLC

October 09, 2013 12:00 ET

Annova LNG Announces Intent to Export LNG to Free Trade Countries

HOUSTON, TX--(Marketwired - Oct 9, 2013) - Annova LNG, LLC (Annova) announced today that they have filed an application with the Department of Energy (DOE) to receive authorization to export domestically produced LNG to free trade agreement (FTA) countries from its facility in the Port of Brownsville.

In its initial stages, the facility will produce 2.0 millions of tons per annum (mtpa), or about 300,000 mmbtu/day, and is expected to be in-service by mid-2018. The facility has been designed to be small enough to sell 100% of its volume in long-term tolling agreements to buyers in FTA countries, with the scalability in place to support up to 6.0 mtpa.

David Chung, Annova President and CEO, said, "With our proximity to the Eagle Ford shale and multiple interstate and intrastate pipelines, we are poised to be the ideal provider to those customers looking to buy in the range of 0.5 mtpa to 1.0 mtpa. We are excited to have initiated the DOE application process and eagerly look forward to getting down to business."

Annova is currently working with Black and Veatch and is nearing the completion of initial engineering estimates. Annova has two clear milestones for early 2014; to enter into front-end engineering and design (FEED) and to initiate the Federal Energy Regulatory Commission's (FERC) National Environmental Policy Act (NEPA) pre-filing process.

Annova LLC is a mid-scale liquefied natural gas export company located on the Texas Gulf Coast. Annova is developing a facility to serve unmet demand among U.S. free trade nations with demand requirements that are too small to participate in the offtake from large liquefaction facilities. Annova's facility will have initial capacity totaling 2.0 MTPA (1.0 MPTA per train) with expansion capability of up to 6.0 MPTA.

For more information visit: www.annovalng.com

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