Delphin Wants More Time to Build an LNG Export Plant in the US Gulf of Mexico
07.25.2022 By Ricardo Perez - NEWS

July 25, 2022 [Worldakkam] – Liquefied Natural Gas (LNG) Developer in the United States Delphin LNG has requested federal regulators to extend the time required to bring the onshore portion of the proposed floating LNG export project in the Gulf of Mexico up to September 2023 off Louisiana.

 

The Federal Energy Regulatory Commission (FERC) said Thursday: Delphin Requested an extension on July 15th.

Delphin Has delayed the decision to start construction in recent years as customers no longer want to sign long-term contracts needed to finance multi-billion dollar facilities due to the disruption of demand for coronavirus. It is one.

Currently, there are eight companies hoping to make a final investment decision (FID) in 2022 to build a factory in the United States, Canada, or Mexico. Many of those projects DelphinYears late.

Approved by FERC in September 2017 Delphin Since then, the FERC has allowed three one-year extensions to complete the project.Last required extension Delphin The project will be put into operation in September 2022.

Delphin The LNG market is “strong due to the current geopolitical importance of the invasion of Ukraine and the European Union’s initiative to increase the supply of US LNG to Europe,” he told FERC.

Earlier this month Delphin Agreed to sell 0.5 MTPA LNG to a unit of Dutch trading company Vitol for 15 years.

DelphinThe project will use existing offshore pipelines to supply gas to up to four vessels, each capable of producing approximately 3.5 MTPA of LNG.

The company said Each ship costs about $ 2 billion, The first service is scheduled to start around 2026, four years after FID.

After the first FID Delphin He said he would start an Avocet project to add two more 3.5-MTPA liquefaction vessels.

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