en.Wedoany.com Reported - Delfin Midstream has made a $5 billion final investment decision (FID) for the Delfin FLNG 1 project, the first vessel in the company's LNG export project offshore Louisiana and the Gulf of America.

The facility is expected to become the first floating liquefaction plant in the United States, with a planned annual export capacity of 4.4 million tonnes of LNG. Delfin stated that the vessel will become the world's largest floating LNG project by liquefaction capacity.

This FID is accompanied by a new investment agreement signed with a group led by Global Infrastructure Partners, a unit of BlackRock, and Phase 1 of the project. Existing Delfin investors Mitsui O.S.K. Lines, Vitol, and Diameter Capital Partners are also participating. Delfin CEO Dudley Poston stated that securing the FID for the company's first FLNG vessel is a landmark event for global energy security, while expressing support for U.S. energy and maritime leadership by providing safe, reliable, and low-cost LNG exports to the market.

Jotaro Tamura, President and CEO of Mitsui O.S.K. Lines (MOL), stated that the company has invested in Delfin since 2023 and has witnessed the rapid progress of the FLNG project.

Delfin FLNG 1 has secured long-term LNG sales agreements with Vitol, Expand Energy, Centrica, and Gunvor.

Delfin stated that all necessary permits and licenses for construction are in place.

Construction contracts for the first FLNG vessel have been signed with Samsung Heavy Industries and Black & Veatch. The first vessel is scheduled to begin LNG production in 2030, while Delfin continues to advance FID work for the second and third FLNG vessels within the next year.

Delfin Midstream Inc is a U.S. LNG infrastructure developer and the parent company of Delfin LNG. Delfin LNG holds a deepwater port license from the U.S. Department of Transportation's Maritime Administration and approval from the U.S. Department of Energy to export up to 13.2 million tonnes of LNG per year.

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