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Annova LNG signs agreement with STEC

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LNG Industry,


Annova LNG has announced that it has signed a facilities agreement with the South Texas Electrical Cooperative (STEC) for 405 MW.

According to the statement, this represents the total electric transmission requirements for the 6 million tpy LNG export project.

Omar Khayum, Annova LNG CEO, said: “The Annova LNG project has a significantly lower environmental impact on the Rio Grande Valley than other proposed projects due to its use of electrical power instead of natural gas to drive its liquefaction compressors.

“We are confident that through the executed agreement, STEC will provide all electric transmission services required for safe and reliable operation of the project.

Annova claims that Magic Valley Electric Cooperative – a member of STEC – will be the sole provider of electric energy to power the facility.

Khayum added: “This agreement is yet another example of Annova LNG’s momentum.

“The project continues to make significant progress as we begin 2019.”

According to the statement, the company is currently estimating that commercial operations will commence in 2024. Annova LNG would support an average of approximately 700 on-site jobs over a period of four years. Once the construction of the facility is completed, it would employ around 165 permanent full-time workers to run and manage the plant.

Read the article online at: https://www.lngindustry.com/liquefaction/18022019/annova-lng-signs-agreement-with-stec/

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