en.Wedoany.com Reported - July 15, 2026, US floating liquefied natural gas (FLNG) developer Delfin has reached an agreement with EIG's MidOcean Energy to jointly advance its second FLNG project (FLNG2). Under the agreement, MidOcean may acquire up to a 50% equity stake in FLNG2 and receive a corresponding share of LNG production. The transaction is subject to a positive final investment decision (FID) and customary conditions precedent.

The project will leverage the proven design of Delfin FLNG1's hull, which received FID on June 3 and is currently under execution, providing significant schedule and cost certainty. Delfin has issued a limited notice to proceed (LNTP) to Siemens Energy for the procurement of long-lead items, including four SGT-750 gas turbines and mixed refrigerant compressors. Delfin stated that the LNTP is a key milestone ahead of FID, and both parties continue to advance the project with a target of reaching FID by the end of 2026.

Delfin and MidOcean are also collaborating on subsequent pre-development activities to accelerate a potential third floating LNG vessel (FLNG3). Delfin CEO Dudley Poston said that securing manufacturing slots for key long-lead equipment with Siemens Energy is a significant step in reducing project schedule risk. This milestone highlights the commercial readiness of floating LNG platforms and represents another important step toward global energy security following the FID for Delfin FLNG1. He also noted that he is pleased to partner with MidOcean, whose deep LNG expertise and financial capabilities make it an ideal partner for FLNG2 and future projects. MidOcean Energy CEO De la Rey Venter stated that the project's repeat design approach offers an attractive risk-return profile and tangible execution advantages for all project stakeholders.

Delfin's brownfield deepwater port requires minimal additional infrastructure investment to support up to three floating LNG vessels with a combined annual capacity of 13.2 million tons. Additionally, Delfin recently revealed that it has signed a sale and purchase agreement with UK energy company Centrica to supply LNG from its second floating LNG unit as part of its offshore Louisiana project. The company's first FLNG, with a capacity of 4.4 million tons per year, will be the world's largest-capacity FLNG and the first floating liquefaction facility in the US. The unit is under construction at Samsung Heavy Industries in South Korea and is scheduled to begin LNG production in 2030. To date, this first FLNG has signed long-term LNG sales agreements with leading global energy companies including Vitol, Expand Energy, Centrica, and Gunvor.