Delfin LNG LLC has signed a Memorandum of Understanding (MoU) with BTG Pactual Commodities, in relation to the tolling of liquefaction capacity for the first floating liquefaction vessel to be deployed at the Delfin LNG Deepwater Port Project.
The MoU includes an option for BTG Pactual Commodities to expand its tolling arrangement to include the liquefaction capacity of additional floating liquefaction vessels under development by Delfin LNG.
“We are very pleased to be signing this MoU with BTG Pactual Commodities as our anchor long-term customer,” said Frederick Jones, President of Delfin LNG. “BTG Pactual Commodities has been involved with the Delfin LNG Deepwater Port Project from its inception and is uniquely positioned to be a powerful participant in the project. Its strong presence in natural gas in the Americas and Europe further make them an ideal partner. Our MoU is an important milestone as we continue to develop the United States’ first floating deepwater liquefaction project.”
In February 2014, Delfin LNG received approval from the Department of Energy (DOE) for exports to free trade agreement (FTA) countries. The approval covers a long-term, multi-contract authorisation to export LNG produced from domestic sources in volume equivalent to approximately 657.5 billion ft3/yr of natural gas, or 1.8 billion ft3/d. Delfin’s proposed floating liquefaction project is to be located approximately 50 miles offshore Cameron Parish, Louisiana. The company has also applied for authorisation to export to non-FTA countries.
Delfin LNG recently signed a joint development agreement with Höegh LNG in relation to the project.
Adapted from press release by Katie Woodward
Read the article online at: https://www.lngindustry.com/floating-lng/06032015/delfin-lng-agrees-tolling-capacity-for-flngv-378/