Exelon Generation exploring LNG export terminal in Texas.
Houston-based Annova LNG, LLC filed a request with the Federal Energy Regulatory Commission to begin a review for a mid-scale natural gas liquefaction and transfer facility at the Port of Brownsville, TX. Exelon Generation is majority owner of the Annova LNG Brownsville Project.
"The project represents a potential opportunity to diversify Exelon's role in the energy business in an area that shows strong growth potential: natural gas exports," Exelon Generation President and CEO Ken Cornew said.
"Exploring LNG exports is a natural evolution of Exelon's diversification strategy," Comew said. "The U.S. offers some of the most competitive supplies of natural gas in the world, and this project provides Exelon an opportunity to continue the growth of our wholesale gas businesses."
The project is contingent upon Annova obtaining all necessary local, state and federal permits; acquisition of sufficient long-term customer commitments to buy LNG from the facility; and broad public support of the project in South Texas. A decision whether to build the facility is expected by the end of 2017. The filing marks the beginning of the projected two-year permitting process. The facility would be operational by 2020. The site could accommodate three stages of development, each capable of producing 2 million tons of LNG annually.
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|Title Annotation:||IN THE NEWS|
|Comment:||Exelon Generation exploring LNG export terminal in Texas.(IN THE NEWS)|
|Publication:||Pipeline & Gas Journal|
|Date:||Apr 1, 2015|
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