BRIEF-Vitol Invests In Delfin FLNG 1, The First Offshore LNG Facility In the US

June 4 (Reuters) - Vitol:

  • SAYS VITOL HAS INVESTED IN DELFIN FLNG 1, THE FIRST FLOATING LNG LIQUEFACTION FACILITY IN THE US AND LARGEST FLOATING LNG PROJECT GLOBALLY

  • SAYS VITOL IS BOTH AN EQUITY INVESTOR IN THE PROJECT AND WILL BE ITS LARGEST OFFTAKER, ONCE THE PROJECT IS COMPLETED, WITH VOLUMES OF 1.4 MTPA

  • SAYS THIS BUILDS ON VITOL’S 2022 INVESTMENT IN AND OFFTAKE AGREEMENT WITH DELFIN LNG

  • SAYS VITOL IS INVESTING EQUITY TO HELP FUND THE CONSTRUCTION OF DELFIN FLNG 1 ALONGSIDE A GROUP OF INVESTORS LED BY GLOBAL INFRASTRUCTURE PARTNERS (GIP), A PART OF BLACKROCK, AND MITSUI O.S.K. LINES, LTD. (MOL)

  • SAYS FLNG WILL BE LOCATED APPROXIMATELY 40 MILES OFF THE SOUTHERN COAST OF LOUISIANA

  • SAYS FLNG WILL HAVE AN ANNUAL NAMEPLATE LNG PRODUCTION CAPACITY OF 4.4 MILLION TONNES AND IS EXPECTED TO BEGIN PRODUCTION IN 2030

  • SAYS TOTAL PROJECT COST IS APPROXIMATELY US$5 BILLION

RELATED: full story



This page is machine-translated. Sahm tries to improve but does not guarantee the accuracy and reliability of the translation, and will not be liable for any loss or damage caused by any inaccuracy or omission of the translation. *Disclaimer: The above content only represents the author's personal position and opinion and does not represent any position of Sahm Capital Financial Company and Sahm cannot confirm the authenticity, accuracy, and originality of the above content. Investors should consider the risks of investment products in light of their circumstances before making any investment decisions. When necessary, please consult a professional investment advisor. Sahm does not provide any investment advice, nor does it make any commitments and guarantees.