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Litgas signs MoU with Delfin LNG for offshore liquefaction project

LNG Industry,

Litgas has signed a Memorandum of Understanding (MoU) with Delfin LNG LLC, for the first offshore floating liquefaction project in the US.

It is expected that Delfin LNG’s deepwater port, located in Louisiana, will be operational in 2019.

“We are actively investigating the potential supplies from the US, signing [an] MoU with one of the first floating natural gas liquefaction project developers marks a significant step towards further potential cooperation, which in the long run can contribute to the objective of diversification of gas supplies in Lithuania,” explained Dominykas Tuckus, General Manager of Litgas.

The Delfin LNG intends to be the first floating offshore liquefaction project in the US. Delfin will source pipeline quality feed gas from the liquid US natural gas market, and its liquefaction vessels will use proven technology that has been in use for over 40 years.

Litgas currently has 15 non-binding master trade agreements with companies supplying approximately half of world’s LNG and also has options to buy natural gas for other Lithuanian importers.

Adapted from press release by Katie Woodward

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