LNG

The US Annova liquefied natural gas export project planned for the south bank of the Brownsville Ship Channel in Texas, and whose owners include Chicago-based power company Exelon Corp., has concluded a tax deal in Texas showing the encouragement being offered to the build-out of the LNG sector along the Gulf Coast.

NextDecade Corp, the LNG export company in Texas developing the Rio Grande liquefaction plant, has received tax incentives for its project planned for the Port of Brownsville because of its jobs and investment potential.