Delfin (LNG export infrastructure development company) and Devon (oil and gas producer in the US) have entered into a LNG export partnership that includes an executed Heads of Agreement (HOA) for long-term liquefaction capacity at the Delfin Deepwater Port project, located off the coast of Louisiana (United States) and a pre-Financial Investment Decision (FID) strategic investment by Devon in Delfin.
The HOA provides the framework for finalising a definitive long-term tolling agreement representing 1 Mt/year of liquefaction capacity in Delfin’s first Floating LNG vessel, with the ability to add an additional 1 Mt/year in Delfin’s first or a future Floating LNG vessel.
As a modular project requiring only 2.0 to 2.5 Mt/year of long-term contracts to begin construction, and with all necessary permits in hand, Delfin is on schedule to make FID on its first Floating LNG vessel by the end of 2022. The project could support up to four FLNG Vessels producing up to 13 Mt/year of LNG.
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