Delfin Midstream, the developer of a floating export development in the Gulf of Mexico, has named LNG industry veteran Oscar Spieler as executive chairman of its board.
Spieler’s long-standing executive career in the LNG and other energy industries include roles as CEO at Golar LNG, Frontline and Sea Production, and as chairman of Quantafuel.
He brings relevant expertise to Delfin, having successfully led the development and execution of Golar’s FLNG Hilli Episeyo, world’s first converted FLNG vessel.
To remind, Delfin recently completed the front-end engineering and design work on a 3.5 mtpa vessel that will be used for its floating export development.
According to Delfin, the FEED results together with the overall development activities enable the company to execute the project for a total capital cost of around 550 $/tpa.
“Delfin has developed the most cost-efficient LNG export project in the continental U.S and combined with a FID threshold of just 2.0 to 2.5 mtpa makes Delfin unique in today’s challenging market,” Spieler said.
Spieler added that he joins the Delfin team at a “pivotal moment” as the firm takes next steps in bringing the LNG export project to FID.
Several FLNGs planned
The company plans to install up to four self-propelled FLNG vessels offshore Louisiana that could produce up to 13 mtpa.
Additionally, each vessel will have two offloading facilities. These will service both large, ocean-going carriers as well as the regional demand for LNG bunkering and small-scale carriers.
The firm has earlier this year won approval from US FERC to build the project’s onshore facilities.
FERC staff approved Delfin’s request for extension to September 28, 2021.
The facilities would transport and deliver natural gas to Delfin LNG’s deepwater port in federal waters offshore Louisiana.
Besides this project, Delfin is also developing the 8 mtpa Avocet project with slots for two additional FLNG vessels.
