Delfin FLNG FID Closer After MOL Strategic Investment Agreement

Delfin Midstream FLNG has reached a strategic investment agreement with Japan’s Mitsui OSK Lines (MOL) to help bring the final investment decisions on its first two FLNG vessels scheduled for later this year a step closer.

• The agreement also allows MOL the opportunity to make further direct investments in Delfin's FLNG vessels and enables involvement in the construction and operation of these vessels.
• Delfin's COO, Wouter Pastoor said the combined expertise of Delfin and MOL “will drive future expansion and enable Delfin to safely and reliably accelerate clean low-cost LNG exports from North America to customers around the world.”
• Delfin say the project offshore Louisiana requires minimal additional investment to support up to four FLNG vessels. It had secured offtake commitments for 3.1mtpa of LNG as of late April, enough for the first vessel of the total combined 13.3mtpa volume. Delfin have previous said that the FID was expected in mid-2023.