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Delfin Midstream approves $5B first US floating LNG vessel

Created at 3 Jun · 10:24 PM2 sources↑ Market-relevant2 events
IN SHORT

Delfin Midstream has reached a final investment decision (FID) for its first U.S. floating liquefied natural gas (FLNG) vessel. The project is valued at $5 billion, marking a significant expansion of U.S. LNG export infrastructure.

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Key Numbers

$5 billionproject valuation

Who's Involved

Delfin Midstream
company that reached FID for first U.S. FLNG vessel

↳ Why This Matters

This project represents a key expansion of the U.S.'s LNG export infrastructure, potentially boosting the country's role in global energy markets.

Key facts

  • Delfin Midstream reached a final investment decision (FID) for its first U.S. floating liquefied natural gas (FLNG) vessel.
  • The project is valued at $5 billion.

Delfin Midstream has announced a final investment decision (FID) for its first floating liquefied natural gas (FLNG) vessel in the United States. The total value of this significant project is estimated at $5 billion. This decision marks a crucial step for the company and the U.S. LNG export infrastructure, potentially increasing the nation's capacity to export liquefied natural gas.

Frequently asked questions

An FLNG vessel is a facility that can liquefy natural gas onboard a ship, allowing for storage and regasification. This offers greater flexibility compared to land-based terminals.

An FID signifies that a company has committed the necessary capital and resources to proceed with a project, indicating a high level of confidence in its viability.

This project represents a key expansion of the U.S.'s LNG export infrastructure, potentially boosting the country's role in global energy markets.

What Happens Next

01Construction and operational phases for the Delfin FLNG vessel.

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How It Developed

4 Jun · 11:37 AM
Delfin Midstream has made a $5 billion final investment decision for the US's first floating LNG vessel.
Seeking Alpha via PiQSuite
3 Jun · 9:25 PM
The US has approved its first floating liquefied natural gas (LNG) terminal, greenlit by Delfin.
Argus Media | Latest Energy News via PiQSuite

Sources

T1
Delfin greenlights first US floating LNG terminalm.piqsuite.com
T1
Delfin Midstream takes $5B FID for first U.S. FLNG vesselm.piqsuite.com

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