senor_c
1日前
Great example, kazzy, and Delfin is not trying to compete with those big names...yet, but they have major companies backing them (Devon, Vitol, Centrica, Hartree, Mitsui, Pyletech, Gunvor/Chesapeake, etc.) with more coming. In addition to the LNG agreements, some of these companies included an initial investment in the project (assuming #1 for now), and the amounts of those investments are unknown, so it's just another example of Delfin laying low.
I like that the summary addresses growth. There's Avocet, of course, but I'm also intrigued by Mitsui's Eagle Ford acquisition. Hmmmm I wonder who they might partner with to help with that development and business down the road? It's total speculation, but it makes sense.
kazzy
2日前
Rigzone has an informative article on the latest approval. No mention of TGLO though.
...The under-construction project now has until June 1, 2029, to dispatch its first non-FTA cargo of LNG.
Delfin LNG is authorized to ship the equivalent of up to 657.5 billion cubic feet a year of natural gas to countries with a free-trade agreement (FTA) with the U.S. It is also permitted to deliver as much volume to countries with no FTA with the U.S.
The volumes are non-additive. In 2021 the DOE discontinued its practice of issuing separate long-term permits for the export of LNG from the same facility.
Delfin LNG’s FTA and non-FTA permits expire December 31, 2050, extended from their initial 20-year terms. In 2020 the DOE adopted a policy that allows existing and future LNG export permits to seek a term through to 2050, instead of the standard 20-year term.
Last year, Delfin LNG requested the DOE under the Biden administration to remove the export commencement deadline in the FTA permit and move the non-FTA deadline of June 1, 2024, by five years.
In Monday’s order the DOE explained, “The FTA requirement applies to the date by which Delfin’s FTA export term starts (i.e., not actual export operations)”.
“The non-FTA requirement, on the other hand, applies to the deadline by which Delfin must commence export operations, after which point the non-FTA authorization will expire by its own terms”, the DOE added.
“Because the term of Delfin’s FTA authorization now extends to the fixed date of December 31, 2050, it is no longer necessary to impose a specific date by which the term of the FTA authorization must start”, the DOE ruled. “Therefore, DOE is modifying the FTA term to begin on the date of first export, consistent with DOE precedent”.
https://www.rigzone.com/news/delfin_lng_gets_deadline_extension_for_export_start-11-mar-2025-179887-article
senor_c
2日前
As much as I'd like this to just take off with FID and reverse merger, I agree. I just read an article that said Commonwealth is experiencing renewed interest (additional buyers) from their recent license approval, so I would expect the same is going to happen with Delfin, and if that means more contracts for vessels 2, 3....maybe 4, then line 'em all up, boys, and rake in those contracts that will total over $70 billion over 10-15 years, and let people do the math.
People still don't get that we currently have about $18 billion worth of secured contracts right now, and we're just a little shell waiting to be used by this soon to be significant player in the US LNG sector.
https://finance.yahoo.com/news/commonwealth-lng-sees-interest-securing-212728298.html
senor_c
2日前
Nice short article that mentions FID soon. Never heard that before, but maybe this time is different!
The U.S. Department of Energy (DOE) has just granted a five-year extension to Delfin LNG to export liquefied natural gas (LNG) to countries without free trade agreements with the United States. This decision comes as the project, located off the coast of Louisiana, has experienced multiple delays since its inception, primarily due to global disruptions caused by the COVID-19 pandemic and a complex international trade environment. The official announcement was made at the international energy conference CERAWeek in Houston by U.S. Energy Secretary Chris Wright. This green light represents a decisive turning point for the Delfin LNG project, which ultimately plans to produce up to 13.3 million metric tonnes per annum through four distinct floating facilities.
Complex history of the Delfin LNG project
The Delfin LNG project was initiated in 2014 by Delfin Midstream with the goal of becoming one of the first floating infrastructures dedicated to LNG exports in the United States. In 2017, the project had already received significant initial approval from the Department of Energy, allowing exports to markets without free trade agreements with Washington. However, Delfin LNG encountered a series of setbacks, notably in 2019 when its initial partner, Golar LNG, withdrew from the project, citing difficulties in securing long-term purchase agreements.
The global health crisis in 2020 exacerbated these delays, prompting Delfin Midstream to repeatedly request extensions for its operational and export permits. At the same time, escalating trade tensions between China and the United States hindered efforts to finalize new supply contracts. Despite these challenges, Delfin LNG gradually strengthened its client base through strategic agreements with major players in the energy sector, including Vitol and Centrica, in 2022.
Strategic impact on global markets
This latest extension follows a temporary suspension of approvals enacted in 2024 by the previous administration, which aimed to assess the economic and environmental impacts of rapid U.S. LNG sector expansion. By approving this extension, the current administration confirms its support for continued LNG exports in a global context marked by high energy demand, particularly in Europe and Asia. This support translates into a more favorable policy stance toward energy projects initiated under the Trump administration, which had already facilitated three similar authorizations since 2017.
For Delfin LNG, this extension constitutes a critical step before making a Final Investment Decision (FID), initially scheduled for late 2023 but now anticipated within the coming months. Ultimately, the realization of this project could considerably strengthen the United States’ position in the global liquefied natural gas market, a sector in which the country already plays a significant role in global energy supply.
https://energynews.pro/en/u-s-extends-export-authorization-for-delfin-lng-project/
rstar
3日前
https://www.energy.gov/articles/doe-issues-extension-delfin-lng-project
DOE Issues Extension to Delfin LNG Project
U.S. Secretary of Energy Chris Wright today approved a liquefied natural gas export permit extension for Delfin LNG LLC, granting additional time to commence exports from the project proposed for offshore Louisiana.
Energy.gov
March 10, 2025
WASHINGTON– U.S. Secretary of Energy Chris Wright today approved a liquefied natural gas (LNG) export permit extension for Delfin LNG LLC (Delfin), granting additional time to commence exports from the project proposed for offshore Louisiana. The permit extension, which had been delayed by the Biden-Harris administration, was announced by Secretary Wright in his opening remarks at CERAWeek in Houston.
“While the previous administration pursued a strategy of energy subtraction, I am proud to be working with President Trump to advance a strategy of energy addition – embracing all forms of energy that are affordable, reliable and secure,” said Secretary Wright. “The positive energy and renewed enthusiasm for U.S. leadership in energy exports from our allies and trading partners here at CERAWeek is palpable, and I am thrilled to sign this order to help another U.S. LNG project advance.”
The issuance to Delfin marks the fourth LNG-related approval from DOE since President Trump took office, following an export approval to Commonwealth LNG on February 14, an order on rehearing removing barriers for the use of LNG as bunkering fuel announced on February 28, and an approval providing the Golden Pass LNG terminal more time to commence exports issued March 5.
“With this decision, I am pleased to see DOE help this project progress after the regulatory setbacks it faced during the Biden administration,” said Tala Goudarzi, Principal Deputy Assistant Secretary of the Office of Fossil Energy and Carbon Management.
Delfin, majority-owned by Fairwood Peninsula, Talisman Global Alternative Master, L.P. and Talisman Global Capital Master, L.P., is seeking to reach a final investment decision later this year and have construction begin on its offshore floating liquefied natural gas vessel (FLNGV). Today’s order extends the commencement date for Delfin’s export authorization for exports of up to 1.8 billion cubic feet per day (Bcf/d) of natural gas as LNG to non-free trade agreement countries to June 1, 2029.
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