Concurrent with the $5 billion FID, a group of investors led by Global Infrastructure Partners (GIP), a part of BlackRock, including existing Delfin investors MOL, owner of one of the world’s largest fleets of LNG carriers, commodity trader Vitol, and alternative credit asset manager Diameter Capital Partners have agreed to invest in the first phase of this infrastructure project.
Delfin said its first FLNG 1 is backed by long-term LNG sales agreements with “leading” global energy companies, including Vitol, Expand Energy, Centrica, and Gunvor, and has secured all necessary permits and licenses required to begin construction.
Additionally, construction contracts for Delfin’s first FLNG vessel have been executed with South Korea’s Samsung Heavy Industries and Black & Veatch.
LNG Prime reported on Tuesday that Samsung Heavy secured an order worth approximately $2.88 billion to build the first floating LNG production unit for Delfin.
Samsung Heavy will deliver the unit by July 2030.
Delfin’s brownfield deepwater port requires minimal additional infrastructure investment to support up to three floating LNG vessels producing up to 13.2 million tonnes of LNG annually.
“With the first vessel scheduled to begin LNG production in 2030, the company continues to diligently advance towards securing FIDs for FLNG vessels two and three over the coming year,” Delfin said.
“Securing FID for our first FLNG vessel is a groundbreaking milestone not only for Delfin, but also for global energy security,” Dudley Poston, Delfin CEO, said.
“We are excited by our ability to support US energy and maritime dominance by bringing safe, reliable, low-cost LNG exports to market,” he said.
