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Released June 23, 2017 | SUGAR LAND
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Researched by Industrial Info Resources (Sugar Land, Texas)--Delfin LNG, the first floating liquefied natural gas (FLNG) project in the U.S., recently has taken two major steps forward: The U.S. Department of Energy (DoE) approved its export license application, and owner Delfin LNG LLC signed a joint development agreement with Golar LNG Limited (NASDAQ:GLNG) (Hamilton, Bermuda). Industrial Info is tracking more than $6 billion in active projects involving Delfin LNG.
The massive project--so far the only FLNG project permitted in the U.S.--involves up to four FLNG vessels producing a total of up to 13 million tonnes of LNG per annum. The first phase, expected to begin production next year off the coast of Cameron Parish, Louisiana, involves building a deepwater port with a mooring and an FLNG with a liquefaction capacity of 2 million tonnes. The second, third and fourth phases each are expected to have 2 million-ton capacities, and are expected to begin construction in the third quarters of 2021, 2022 and 2023, respectively. For more information, see Industrial Info's project reports on Phase I, Phase II, Phase III and Phase IV.
An 50-mile pipeline is planned to link Delfin LNG to a gas-compressor plant onshore, providing it with 1.32 billion to 1.8 billion cubic feet per day of natural gas. For more information, see Industrial Info's project report.
Under the DoE's approval, Delfin LNG will be able to export 1.8 billion cubic feet per day of gas to countries that do not have a free-trade agreement (FTA) with the U.S. In 2015, BTG Pactual Commodities (Sao Paulo, Brazil) signed a tolling agreement for all LNG produced in Deflin's first phase, while Lithuanian Energy Company has signed an offtake agreement. To date, the DoE has authorized roughly 21 billion cubic feet per day of natural gas exports to non-FTA countries from facilities planned in coastal states from Texas to Maryland, in addition to Delfin.
Delfin and Golar said the joint development agreement will facilitate the financing, marketing, construction, development and operation of the project. A final investment decision on Delfin is expected next year, with the first delivery LNG set for late 2021 or early 2022. Delfin LNG LLC is owned by Fairwood Peninsula LLP, which is a partnership of the Fairwood Group (Singapore) and the Peninsula Group (Houston, Texas).
"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," said Oscar Spieler, the chief executive officer of Golar LNG, in a press release.
Industrial Info also is tracking more than $4 billion in other projects involving Golar LNG, including three proposed, $1 billion-plus projects: the Hilli FLNG-1, Kribi FLNG-2 and Kribi FLNG-3 facilities offshore Cameroon. Each involves converting and refurbishing a "Very Large Crude Carrier" (VLCC) to an FLNG facility, to process 1.32 million, 1.3 million and 2.2 million tonnes per annum, respectively. For more information, see Industrial Info's project reports on Hilli FLNG-1, Kribi FLNG-2 and Kribi FLNG-3.
Industrial Info Resources (IIR), with global headquarters in Sugar Land, Texas, five offices in North America and 10 international offices, is the leading provider of global market intelligence specializing in the industrial process, heavy manufacturing and energy markets. Industrial Info's quality-assurance philosophy, the Living Forward Reporting Principle, provides up-to-the-minute intelligence on what's happening now, while constantly keeping track of future opportunities. Follow IIR on: Facebook - Twitter - LinkedIn. For more information on our coverage, send inquiries to info@industrialinfo.com or visit us online at http://www.industrialinfo.com/.
The massive project--so far the only FLNG project permitted in the U.S.--involves up to four FLNG vessels producing a total of up to 13 million tonnes of LNG per annum. The first phase, expected to begin production next year off the coast of Cameron Parish, Louisiana, involves building a deepwater port with a mooring and an FLNG with a liquefaction capacity of 2 million tonnes. The second, third and fourth phases each are expected to have 2 million-ton capacities, and are expected to begin construction in the third quarters of 2021, 2022 and 2023, respectively. For more information, see Industrial Info's project reports on Phase I, Phase II, Phase III and Phase IV.
An 50-mile pipeline is planned to link Delfin LNG to a gas-compressor plant onshore, providing it with 1.32 billion to 1.8 billion cubic feet per day of natural gas. For more information, see Industrial Info's project report.
Under the DoE's approval, Delfin LNG will be able to export 1.8 billion cubic feet per day of gas to countries that do not have a free-trade agreement (FTA) with the U.S. In 2015, BTG Pactual Commodities (Sao Paulo, Brazil) signed a tolling agreement for all LNG produced in Deflin's first phase, while Lithuanian Energy Company has signed an offtake agreement. To date, the DoE has authorized roughly 21 billion cubic feet per day of natural gas exports to non-FTA countries from facilities planned in coastal states from Texas to Maryland, in addition to Delfin.
Delfin and Golar said the joint development agreement will facilitate the financing, marketing, construction, development and operation of the project. A final investment decision on Delfin is expected next year, with the first delivery LNG set for late 2021 or early 2022. Delfin LNG LLC is owned by Fairwood Peninsula LLP, which is a partnership of the Fairwood Group (Singapore) and the Peninsula Group (Houston, Texas).
"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," said Oscar Spieler, the chief executive officer of Golar LNG, in a press release.
Industrial Info also is tracking more than $4 billion in other projects involving Golar LNG, including three proposed, $1 billion-plus projects: the Hilli FLNG-1, Kribi FLNG-2 and Kribi FLNG-3 facilities offshore Cameroon. Each involves converting and refurbishing a "Very Large Crude Carrier" (VLCC) to an FLNG facility, to process 1.32 million, 1.3 million and 2.2 million tonnes per annum, respectively. For more information, see Industrial Info's project reports on Hilli FLNG-1, Kribi FLNG-2 and Kribi FLNG-3.
Industrial Info Resources (IIR), with global headquarters in Sugar Land, Texas, five offices in North America and 10 international offices, is the leading provider of global market intelligence specializing in the industrial process, heavy manufacturing and energy markets. Industrial Info's quality-assurance philosophy, the Living Forward Reporting Principle, provides up-to-the-minute intelligence on what's happening now, while constantly keeping track of future opportunities. Follow IIR on: Facebook - Twitter - LinkedIn. For more information on our coverage, send inquiries to info@industrialinfo.com or visit us online at http://www.industrialinfo.com/.
