Annova LNG has pulled the plug with immediate effect on its planned liquefied natural gas export project in Texas in the United States, citing “changes in the global LNG market”.
The project envisaged a 6.5 million tonnes per annum facility at the Port of Brownsville.
Annova on Monday said it was in the process of notifying its commercial partners, regulatory authorities and project supports of its decision.
The Annova LNG project was being developed jointly by its majority owner Exelon Corporation with minority partners Black & Veatch, Kiewit Energy and Enbridge.
Annova LNG had hailed itself “a leader among second-wave US LNG facilities". It was targeting mid-scale customers which buy in 1 million tpa increments and would have received feedstock gas from the Agua Dulce, Texas region.
The US Department of Energy in February 2020 approved Annova LNG to export to nations that do not have free trade agreements with the US.
“The entire Annova team is very grateful to the greater Brownsville community for having supported this project for several years,” it said in a statement.