Delfin Midstream, a US-based LNG export infrastructure developer, has signed a Final Investment Decision (FID) for the first floating liquefied natural gas (FLNG) vessel dedicated to an LNG project under development in Louisiana, US.
Delfin Midstream has made a final decision to invest in its first FLNG Dolphin LNG A project under development in Louisiana and offshore in the US Gulf (US Gulf of Mexico). While the developer explains that Delfin FLNG 1 will be the first floating liquefaction facility in the United States, it emphasizes that this is also the largest FLNG project globally, with an expected export capacity of 4.4 million tons of LNG per year.
Dudley BostonDelfin CEO commented: “Securing the FID for our first FLNG vessel is a significant milestone not only for Delfin, but also for global energy security. We are excited about our ability to support US energy and maritime dominance by bringing safe, reliable, and low-cost LNG exports to market.”
“This huge achievement is a testament to the strength of our partnerships, the meaningful collaboration between all project stakeholders and the hard work of our dedicated team. We look forward to working closely with GIP, MOL and Vitol to deliver this first phase of the Delfin LNG project.”
The FLNG project, supported by long-term LNG sales agreements with energy companies including Vitol, Energy expansionCentrica, and Gunvorhas obtained all necessary permits and licenses to begin construction, with contracts for Delfin’s first FLNG vessel It has been implemented With Samsung Heavy Industries and Black & Vetch.
Ben MarshallThe President and CEO of Vitol Americas noted: “This is an important investment for Vitol in the United States. Delfin FLNG 1 will provide reliable, cost-competitive US power to global markets. We are proud to be part of this first US power project alongside Delfin, GIP and MOL.”
The first ship is scheduled to begin LNG production in 2030, and the US company claims it is hard at work towards securing FIDs for its second and third FLNG ships over the next year. Delfin sees the positive FID as an important milestone as it works to deliver reliable, low-cost LNG exports from the US to customers around the world.
Jotaro TamuraThe President and CEO of MOL confirmed: “MOL began its investment in Delfin in 2023 and since then the company’s FLNG project has seen rapid progress.
“We are pleased to strengthen our strategic partnership with Delphin while continuing to leverage our significant experience in floating offshore facilities to support the company’s core business and expand our business in the US and across the gas value chain globally.”
The project already Obtained a deep water port license From the Maritime Administration (MARAD) and consent From the Department of Energy for long-term LNG exports to countries that do not have a free trade agreement (FTA) with the United States.
A group of investors led by Global Infrastructure Partners (GIP), part of BlackRock, and including existing Delfin investors Mitsui OSK Lines (MOL), Vitol, and Diameter Capital Partners, have agreed to invest in the first phase of the energy infrastructure project.
Mark FlorianHighlights from GIP’s Head of Middle Market Funds: “We are excited to partner with Delfin, MOL and Vitol to support construction of the first phase of Delfin FLNG, a landmark LNG infrastructure project in the US designed to help meet the growing global demand for reliable and secure energy.
“Supported by an experienced management team, proven construction partners and long-term agreements with leading energy companies, Delfin FLNG 1 is well positioned to deliver cost-competitive U.S. LNG to global markets.”
Delfin LNG is a deepwater port that requires minimal additional infrastructure investment to support up to three FLNG vessels producing up to 13.2 million tons per year of LNG. The developer has acquired the UTOS Pipeline, the largest natural gas pipeline in the US Gulf.
Scott Goodwin and John LewinsohnDiameter’s founders and managing partners said: “We are pleased to share this milestone with Delfin after investing in the company last year. We look forward to supporting Delfin as it develops additional energy infrastructure in the United States in the years to come.”
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