Delfin LNG LLC announced the signing of a joint development agreement with Höegh LNG in relation to its US-based Delfin LNG Deepwater Port Project.
The project is a planned floating liquefaction, deepwater port designed to export LNG from the Gulf of Mexico, and is positioned to be the first floating deepwater liquefaction project in the US.
Commenting on the partnership, Frederick Jones, President of Delfin, said: “We are very pleased to be teaming with Höegh LNG, a world class partner in floating liquefaction, on the Delfin LNG Project. In an unpredictable and dynamic energy market, floating liquefaction is an extremely attractive option for both producers and customers. Floating liquefaction is environmentally friendly, cost competitive, economical with limited scale, moveable in the event of a hurricane, and has a shorter and more efficient schedule relative to an onshore plant. Furthermore, in the event global energy markets drastically change in the coming decades a floating liquefaction plant can be deployed in alternate locations, which provides floating liquefaction vessel owners the flexibility to be in a position to serve a more diverse pool of customers with shorter duration contracts.”
Sveinung J.S. Støhle, CEO and President of Höegh LNG, added: “We are very pleased to have reached this agreement with Delfin LNG for a project that satisfies all the necessary criteria in Höegh LNG’s FLNG strategy; a credit worthy counterparty, pipeline specification gas from the US market and a regulatory scheme which the company is very familiar with.”
Höegh LNG will act as a co-owner, owner’s engineer and operator of the floating liquefaction vessels.
Adapted from press release by Katie Woodward
Read the article online at: https://www.lngindustry.com/floating-lng/27022015/delfin-lng-in-deepwater-project-agreement-with-hoegh-330/