Annova, NextDecade, Corpus Christi, Texas LNG

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Annova LNG: Exelon Cancels Project (Release)
March 22: “Due to changes in the global LNG market, Annova LNG has announced the immediate discontinuation of its LNG export facility under development in Brownsville, TX. The project had proposed building a 6.5 mtpa facility on the Port of Brownsville… The Annova LNG project was being jointly developed by its majority owner Exelon Corp. and minority owners Black & Veatch, Kiewit, and Enbridge.” Annova’s former CEO, Omar Khayum, has become a vice president of TC Energy.

NextDecade: Signs CO2 Term Sheet with Oxy (Reuters)
Arundhati Sarkar (March 25): NextDecade said an Oxy subsidiary will offtake and store CO2 captured from the company’s planned Rio Grande LNG export plant in the Port of Brownsville, Texas… Oxy Low Carbon Ventures will move CO2 from the Rio Grande LNG project and permanently sequester in an underground geologic formation in the Rio Grande Valley, where there is vast CO2 storage capacity. Link to Content

Brownsville Projects: Judges Quiz FERC on Climate Explanations (S&P Global Platts)
Maya Weber (March 24): FERC faced questioning on March 23 about whether it adequately explained why it declined to consider the significance of GHG emissions associated with the Rio Grande LNG project. The probing from D.C. Circuit Court of Appeals judges came during oral argument March 23 on FERC orders approving the Rio Grande, Texas LNG, and Annova LNG projects… During the Rio Grande argument, Chief Judge Sri Srinivasan pressed FERC about its decision not to use the social cost of carbon tool to determine whether climate impacts of the project were significant. At issue was whether FERC did enough to explain why it was not required to use the tool under a White House CEQ regulation. Separately, in the Texas LNG case, justices questioned whether there was adequate explanation of combined impacts of projects on ozone pollution, even though that issue was more fully explored in the Rio Grande order.

Corpus Christi: FERC Approves Train Three In-Service Request (Reuters)
Scott DiSavino (March 25): FERC on Thurs. (March 25) approved Cheniere’s request to put the third liquefaction train at the company’s Corpus Christi LNG export plant in Texas into service.

Kitimat: Chevron Stops Feasibility Funding (Release)
March 17: In Dec. 2019, Chevron announced its plan to divest its 50% interest in the proposed Kitimat LNG Project in British Columbia… Despite COVID-19, Chevron engaged in a process to divest while continuing to work with its JV partner, Woodside, on agreed project activities that brought value to the asset or were required… is Chevron’s intent to cease Chevron-funded further feasibility work for the proposed project. From NatGas Intel (March 23): Woodside Energy Int’l (Canada), which is overseeing the project, said Mon. (March 22) that it had not given up hope for the project… However, the Canadian arm of Australia’s Woodside has disclosed no project budget. Link to NGI Story