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Delfin Midstream approves the first US floating LNG project

Delfin Midstream announced on Wednesday that it had made a final investment decision for the first floating liquefied natural gas (FLNG). This project is being developed in Louisiana, and offshore in Gulf of Mexico.

Delfin FLNG 1, the first floating LNG facility in the U.S., is the largest FLNG Project globally. It will have an export capacity of approximately 4.4 million tonnes per year.

The company is working diligently to secure FIDs over the next year for the FLNG vessels 2 and 3.

A pipeline explosion near Holly Beach in Louisiana, which was expected to provide gas for the facility, delayed its construction by months.

Eduard Ruijs told reporters in March that the Delfin project would have received financial approval earlier if it weren't for the explosion of the pipeline.

The project has long-term LNG agreements with leading global energy companies such as?Vitol?, Expand Energy?,?Centrica? and Gunvor?. Curtis Williams reported from Houston, Sumit Saha from Bengaluru and Nathan Crooks edited the story.

(source: Reuters)