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Delfin LNG signs MOU with LITGAS

Delfin LNG expected to be first floating deepwater liquefaction project in US
Delfin LNG signs MOU with LITGAS

Delfin LNG has signed a memorandum of understanding (MOU) with natural gas supply and trading company LITGAS, part of the Lithuanian state controlled Lietuvos Energija energy company group. Under the terms of the MOU, LITGAS intends to contract processing capacity at the Delfin’s LNG deepwater port in the Gulf of Mexico off the coast of Louisiana. It is expected that Delfin LNG will be the first floating deepwater liquefaction project in the US and will be fully operational by 2019.

“We are excited to announce the signing of this MOU with LITGAS,” said Frederick Jones, President of Delfin LNG. “At this time, the need for diversification of supply in Europe is critical. As such, Delfin LNG is looking to fill the void by supplying European entities with the diversification they need in an environmentally friendly, cost competitive and efficient manner. We look forward to continuing the development of the United States’ first floating deepwater liquefaction project.”

Delfin LNG also recently announced the signing of a Joint Development Agreement with Höegh LNG in relation to its US based Delfin Liquefied Natural Gas Deepwater Port Project.
In February 2014, Delfin LNG received approval from The Office of Fossil Energy of the Department of Energy (DOE) for exports to FTA countries. The approval encompasses a long-term, multi-contract authorization to export LNG produced from domestic sources in a volume equivalent to 1.8 thousand MMcf/d.

Delfin’s proposed floating liquefaction project is to be located approximately 50 mi. offshore of Cameron Parish, Louisiana. Delfin LNG has also applied for authorization to export to Non-FTA countries.
Image from Delphin LNG

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