Delfin Midstream to use Golar LNG for Delfin LNG project

Delfin Midstream and Golar LNG are set to develop the Delfin LNG project off the coast of Cameron Parish, Lousiana, using Golar’s FLNG technology. Delfin LNG is the first and only permitted floating LNG export project in the United States. The joint development agreement will facilitate the financing, marketing, construction, development and operation of Delfin LNG.

Delfin LNG is a brownfield Deepwater Port requiring minimal additional infrastructure investment to support up to four FLNG vessels producing up to 13 million tonnes of LNG per annum. Delfin purchased the UTOS pipeline, the largest natural gas pipeline in the Gulf of Mexico, in 2014 and submitted its Deepwater Port license application in 2015. Delfin LNG received a positive record of decision from MARAD on March 13th, 2017. On June 1st 2017 Delfin received approval from the Department of Energy for long-term exports of LNG to countries that do not have a Free Trade Agreement with the United States.

CEO and Chairman of Delfin, Frederick Jones said: “We look forward to working with Golar to deliver the first floating liquefaction project in North America and lead the second wave of US LNG projects. Golar’s flexible, floating liquefaction model has proven to be the world’s lowest cost liquefaction solution allowing Delfin to offer innovative commercial solutions with reduced credit requirements, mid-term offtake contracts (approximately 10 years) and FOB and DES LNG pricing based on fixed price, S curves or tied to a variety of energy indexes.”

For more information visit www.golarlng.com

26th June 2017