Delfin eyes emerging US export strategy
The company expects more US gas producers to target international markets as it signs a deal with Devon Energy and nears FID on its FLNG project
Delfin Midstream is nearing FID on the US’ first floating LNG (FLNG) export facility after signing deals over the summer with trading house Vitol, UK gas supplier Centrica and, most recently, US independent oil and gas producer Devon Energy. The “export partnership” with Devon includes a heads of agreement covering tolling deals for up to 2mn t/yr of liquefaction capacity and a pre-FID strategic investment by Devon in Delfin, as well as scope for additional equity investments in the future. The Delfin Deepwater facility, which is located 40 nautical miles off the coast of Louisiana and will ultimately comprise four FLNG vessels, is scheduled to become operational in 2026. Petroleum Economist
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