Golar LNG, Delfin Midstream to jointly develop Gulf of Mexico FLNG project

Delfin Midstream and Golar LNG announced today that they have signed a Joint Development Agreement to develop the Delfin LNG project off the coast of Cameron Parish, Louisiana utilizing Golar's FLNG technology. The joint development agreement will facilitate the financing, marketing, construction, development, and operation of Delfin LNG.

Delfin LNG is the only permitted floating LNG export project in the United States. Delfin LNG is a brownfield Deepwater Port with plans to support up to four FLNG vessels producing up to 13 million tonnes of LNG per annum. On June 1st, 2017 Delfin received approval from the U.S. Department of Energy for long-term exports of LNG to countries that do not have a Free Trade Agreement with the United States.

Golar is currently developing their Mark II next-generation floating liquefaction solution. The Mark II solution, planned to be as used at the Delfin LNG project, will have >3.0 mmtpa of liquefaction capacity. Golar noted it is expected that FID on the Delfin project will take place in 2018 with first LNG to be delivered in 2021/22.

Oscar Spieler, Chief Executive of Golar, said, "Golar's proven execution model will allow Delfin to deliver the lowest cost liquefaction solution in the North American market with a construction time of less than 3 years. Golar's low cost modular floating technology will allow Delfin to make Final Investment Decisions in 3.0 mmtpa increments at a lower unit cost than large land-based projects."