Delfin and Golar have signed a joint development agreement to develop the Delfin LNG project off the coast of Louisiana.
The agreement will facilitate the financing, marketing, construction, development and operation of Delfin LNG.
Golar chief executive Oscar Spieler said: “Golar’s proven execution model will allow Delfin to deliver the lowest cost liquefaction solution in the North American market with a construction time of less than 3 years. Golar’s low cost modular floating technology will allow Delfin to make Final Investment Decisions in 3.0 mmtpa increments at a lower unit cost than large land-based projects.”
Delfin LNG is the first and only permitted floating LNG export project in the United States.
The Deepwater port will be developed 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 license application in 2015.
On 1 June this year the company received approval from the Department of Energy for long-term exports of LNG to countries that don’t have a free trade agreement with the US.
