Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
TGLO down to Freddie Jones' Locker today.
Whatsupwiththat Fred?
Well well well look who fell in the well!
Jumping Butter Balls!
Down goes Frazier! Down goes Frazier!
Somebody's Bullish
Didn't the Commission turn down that 1-Year construction extension request?
If not, I hope it is denied to light a fire under Delfin.
"...it [Delfin] has entered “detailed negotiations” with potential buyers
and expects to sign a long-term offtake contract in the coming year."
Happy 4th of July!
Thank goodness that train is still clanking around.
Delfin Close to Landing Supply Deal for Delayed U.S. Offshore LNG Export Terminal
BY JAMISON COCKLIN
July 3, 2021
Delfin Midstream has filed another request with FERC for more time to build onshore metering, compression and pipeline facilities in Cameron Parish, LA, for its planned floating liquefied natural gas (FLNG) export project offshore.
Delfin wants until Sept. 28, 2022 to complete the onshore facilities. It is the company’s third extension request. If built, it would be the first FLNG export terminal in the United States. A final investment decision (FID) on the entire project has also been pushed back to later this year or next, said CEO Dudley Poston. Under that timeline, LNG production could start in 2025 or 2026, he said.
With the global economy recovering from the pandemic, Delfin said in its Federal Energy Regulatory Commission filing that it has entered “detailed negotiations” with potential buyers and expects to sign a long-term offtake contract in the coming year.
Delfin first requested more time for the onshore facilities in 2019 as it worked through the regulatory process. The project has also been impacted by a global natural gas supply glut that plagued the market over the last three years. Things were made worse by the Covid-19 pandemic, complicating Delfin’s ability to sign offtake agreements to secure financing for the project’s first vessel.
“The market has definitely come back, and it’s not the same market it was in 2018,” Poston told NGI. “Terms are shorter, people are looking for more comfort, more flexibility. There’s more discussion about alternative indices.”
The global gas market shifted late last year as demand increased. Since then, the world went from an abundance of natural gas to a shortfall. Consumption is expected to outstrip supply by the middle of this decade. At the same time, more buyers and sellers have entered the market, expanding spot deals and increasing the liquidity of benchmarks across the globe.
Poston said Delfin has discussed a wide variety of commercial models for the Delfin project, including supply deals linked to Henry Hub, plus liquefaction fees, tolling structures or agreements linked to European and Asian benchmarks that would be netted back to the Gulf Coast to exclude shipping costs.
“The pure netback deals are easy to sign, but hard to finance. The Henry Hub deals are hard to sign but easy to finance,” Poston said. “What we’re trying to do is find that midpoint. What’s in the middle there?”
Delfin completed the front-end engineering design for its FLNG vessels late last year. The 3.5 million metric tons/year ships can be developed independently with their own commercial and financial structure. FIDs can be made on a vessel-by-vessel basis.
Poston said the company could begin construction on a vessel within three to six months of landing an offtake agreement. The project consists of onshore facilities and an offshore pipeline that connects them to move gas to up to four FLNG vessels off the Louisiana coast. The company is also in the planning stages for the similar Avocet project nearby.
© 2021 Natural Gas Intelligence. All rights reserved.
The Chart tells me everything I need to know.
$TGLO about to spring. It's going to sound like this... SPROING!
Chart tells all.
(((Delfin said in its FERC filing it “is confident that it will secure commercialization in the coming year.”)))
Delfin’s project would use existing offshore pipelines to supply gas to up to four vessels that could produce up to 13 million tonnes per annum (MTPA) of LNG or 1.7 billion cubic feet per day (bcfd) of natural gas.
6/30/21
https://gcaptain.com/delfin-seeks-another-year-to-build-louisiana-floating-lng-project/
...and TGLO would be worth 200 million in a flash.
Contract announcements to go along with that confidence would be rrfreshing.
You must have great insurance.
TGLO 2-Year chart says it is poised for activity. This is confirmed by a glance at Level 2 that points higher already.
Biden Admin Backs Minnesota Oil Pipeline Approved By Trump
June 24, 2021
The Biden administration is backing a pipeline project in Minnesota that was initially approved late last year under former President Donald Trump, arguing against a legal challenge brought forth by local tribes and environmental groups.
If that's true then we have a lot more to look forward to, and since we heard it from you, how's your Summer going, plugger?
Since when are you a director?
After years of massive losses, US shale eyes a $60-billion year
https://www.rt.com/business/527533-us-shale-record-profits/
Even New England needs LNG by sea
... because they don't like pipelines. As we have it, Russia continues to fulfill that supply requirement and is the #2 LNG supplier to the U.S. Seems there's room for Delfin LNG to just whip around the corner and up the coast, no?
FID FID
LETS GO TGLO
Shiver me timbers!
A high tide raises all boats.
Tomorrow Is the First Day of the Rest of Delfin's Life!
$TGLO
$TGLO forming a launching platform right here, right now.
" Long overdue, but Delfin's time has arrived. It's amazing the amount of time, labor and millions of dollars they have already spent on Engineering, permits etc. Look at their legal team, and when you read this recent CUP permit filing.. holy smokes. All the details, pictures, plans etc... While the China trade war, then the pandemic has set Delfin back a few years (along with other LNG players), the global environment now is perfect for Delfin's business model. Can't wait! "
Construction starts on Monday on Delfin LNG main project in the gulf.
Describe the project: Delfin LNG LLC (Delfin) is proposing to construct, own, and operate a deepwater port (DWP) terminal (referred to herein as Port Delfin) in the Gulf of Mexico to serve the global liquefied natural gas (LNG) market. The proposed DWP would be located in federal waters within the West Cameron Area, West Addition Protraction Area, approximately 37.4 to 40.8 nautical miles (or 43 to 47 statute miles) off the coast of Cameron Parish, Louisiana, in water depths ranging from approximately 64 to 72 feet (19.5 to 21.9 meters). The DWP would consist of four new-build, custom designed floating liquefied natural gas vessels (FLNGVs), four tower yoke mooring systems (TYMS), two existing offshore natural gas pipelines of the former U T Offshore System (UTOS) and the High Island Offshore System (HIOS), four new pipeline laterals connecting the HIOS pipeline to each of the FLNGVs, and four service vessel moorings supporting the FLNGVs. The feed gas would be supplied through these new pipeline laterals to each of the FLNGVs, where it would be cooled sufficiently to totally condense the gas to produce LNG, and then would be stored in internal LNG storage tanks aboard each of the FLNGVs. Each FLNGV would have LNG storage capacity of approximately 210,000 cubic meters. As part of this proposed Project, Delfin is proposing to construct, and operate the Delfin onshore facilities (DOF) which includes onshore pipelines and associated metering and compression facilities on the landward side of the mean, high water mark in Cameron Parish, Louisiana, the purpose of which is to measure and deliver gas into the offshore pipeline for the DWP. The DOF supply header will consist of 0.25 mile of new 42-inch pipeline and 0.6 mile of new 30-inch twin pipelines. The DOF will include the existing 1.1 miles of the former UTOS pipeline a mainline block valve and blowdown site between the new compressor station and mean, high water mark. (see Attachment A for additional information)
$TGLO Construction commencing 6/13/2021?
WELL WELL WELL!
Whatever it takes... to get off the mark.
Certainly you are not saying that marijuana caused Freddie to lose his ambition for the TGLO LNG project!
It's time for TGLO to make a decision... with (TELL) increasing its market cap by a BILLION DOLLARS in the last month.
TGLO really overshot the downside since the major upside spike (seen in the 6-month chart) in the 1st week of February.
$TGLO Uptrend renewing after chart sees bottom.
(TELL) long-term LNG sales deal news certain to boost confidence for TGLO rise. Russia still supplying LNG to New England even more year over year. C'mon Delfin, take up the slack.
When Freddie calls you after the TELL news sinks into his head, tell him I said: “Winning isn't everything. It's the only thing.”
Never Give Up
Never Give Up
Never Give Up
Sure, you can talk about TELL today announcing its 12 billion LNG supply contract in the gulf, but that won't help TGLO get off the mark... OR WILL IT?
Delfin LNG permit already approved.
No new gas permit approvals allowed in U.S. as per Biden only helps Delfin compete.
"As Gulf Coast projects develop, the U.S. is slated to briefly become the world’s top supplier by 2024, before Qatar regains that status later in the decade, according to BloombergNEF."
Volume precedes price
HAPPY NEW YEARS 2021 & BEYOND
I wish you & your love one's a very safe & prosperous year. Take care of yourself and your love ones !!! Keep bringing those amazing posts. I look forward to reading your thoughts. It speaks volumes to your character, which is something special. Stay strong.
"Nobody who ever gave his best regretted it." ~ George Halas
We welcome the inevitable seasons of nature, but of business and our economy – not so much. Hopefully, April showers will bring May flowers.
I finally determined what the CEO was really saying in this March 24, 2020 press announcement. It is simply that, "as long as the roots are not severed, all is well, and all will be well in the garden." Did anyone else get that impression?