Delfin Midstream to sell up to 50% of second Louisiana FLNG vessel to MidOcean

July 15 (Reuters) - Delfin Midstream said on Wednesday it has entered into an agreement with MidOcean Energy to sell up to a 50% stake in the second floating LNG production vessel of its project under development offshore Louisiana.

MidOcean can acquire an equity interest in the floating LNG (FLNG) vessel of the Delfin LNG project and receive a corresponding share of production, the company added."

Here are more details:

  • The agreement is subject to a positive final investment decision (FID), which is expected by end-2026.

  • Last month, Delfin Midstream reached a positive FID for the first FLNG vessel, which will be the first floating liquefaction facility in the U.S. and the largest FLNG ​project globally.

  • The two companies are also working on early-stage plans to fast-track a potential third LNG vessel.

  • Delfin Midstream said it has issued a limited notice to proceed to Siemens AG SIEGn.DE for equipment to develop the second vessel.

  • The second vessel will have an expected capacity of 4.4 million tonnes per annum, use Siemens Energy turbines and mixed-refrigerant compression technology, and be moored offshore Louisiana with a pipeline tie-in at the Delfin Deepwater Port.

  • Upon a positive FID, the project would progress to a Full Notice to Proceed and the broader engineering, procurement, and construction phase.



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