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I like it!
Delfin and "Delphin"? Typo or clue?
LNG Allies really hit a home run with this letter.
Wow, very nice!! Thank you.
Weird that they are not allowing downloads of the letters. All of the letters after Devon just lead to a "timed out" error page.
Yes, the Chesapeake letter does the same thing. Everything else listed above that offers a document download option. Just checking...and just now seeing JAB's messages.
Has anybody actually been able to download and read the Centrica letter? I click on it and nothing happens. The page ultimately is timed out and doesn't completely finish loading.
This is why voting in national elections is completely irrelevant and nothing more than giving your consent to be governed by total garbage, no matter the party. We should all be more concerned with our city, county, and state elections, specifically things like county sheriff, local school board members, and taxing and regulating authorities. Voting for a Governor should be our voting for a President and they should hold very little actual power at the top, more of a procedural final vote and a general representation of those that elected him. Everybody in DC is so obviously bought and paid for I can't believe people actually take any of it seriously anymore. Most "problems" today are corporate controlled and scripted Problem, Reaction, Solution psyops. And that's not a conspiracy theory. Corporate news execs can literally coordinate with each other and create political TV dramas where "problems" are injected into the series (daily news) to generate desired "reactions" by its viewers (voting public) so that they will then ask (vote) for the preconceived "solutions". It's a science that was well crafted BEFORE television was invented. Now it's basically herding sheep with the flip of a switch.
You're obviously intentionally ignoring everything I'm saying and reasking and reasserting the same points without any sort of logical or rational thought. Going forward I will not be engaging with you over anything ever again. The fact you just asked those retarded questions proves you have no clue what is even going on with the Delfin LNG project or how the world functions.
No, YOU are the one that doesn't know what you're talking about. MARAD is going against their own established processes and long held industry standards by doing what they are doing with Delfin. You do not do new environmental studies bc a project has DECREASED the environmental impact of the project by implementing updated industry advancements. MARAD has no right to tell Delfin to list every possible future operator and dollar they will receive BEFORE any of it occurs. MARAD is there to provide the framework for Delfin to operate within, NOT ask for everything first then write their framework afterwards. MARAD can develop a process by which vessel operators would be vetted but they have no right to not issue a license over something that hasn't even happened. It's not illegal for someone else to operate your vessel.
ôi nguoi dàn ông vui tính (oh you funny man)
TradeWinds article: Delfin Midstream
Delfin LNG denied license by US authorities after multiple changes to FLNG project
US’ Marad says thorough update of application required for fresh review
Would be floating LNG (FLNG) project developer Delfin Midstream will need to submit an updated version of its application to own, built and operate an FLNG-based project of the US Gulf coast after making many alterations to the planned development, US authorities have ruled.
The US Departmant of Transportation’s Maritime Administration (Marad) said in a letter filed to the chief executive of subsidiary Delfin LNG Dudley Poston that it no longer supports its 2017 decision to issue of a license for the company to own, construct and operate a deepwater port.
Marad said that in the seven years since its decision Delfin has made “widespread changes” to the project.
They included its ownership, design, financing and operations which have resulted in a proposal that is not the same as the one originally approved.
The body said the project proposal will now need a “thorough” review and has asked Delfin to update its application and submit an amended version of it.
Delfin’s offshore LNG production facility has been designed to support four FLNG units capable of producing a total of 13.3 mtpa of LNG.
The company has signed up a string of LNG offtake agreements with big-name buyers, secured yard slots for its units and has said it is in close to taking a final investment decision on its first three FLNG vessels”.
Marad’s letter revealed that in 2023 Delfin changed its plans for the FLNG units, which it had originally said it was planning to own and operate.
It said Delfin is now planning that the FLNG units will potentially be owned, financed and operated by third parties.
"This is a significant departure from what was contemplated in, and approved,” Marad said, referencing its 2017 decision, “and will require additional evaluation and consideration.”
The Department of Transport body said that originally an equity portion of project costs was to be provided by Enbridge Holdings along with Delfin affiliates with Korea Development Bank committing to $1.5bn of debt financing and Enbridge acting as a guarantor for Delfin’s decommissioning costs and obligations.
But Marad said these parties appear to be no longer involved.
In June 2023 Delfin announced it had paired with Japan’s Mitsui OSK Lines under which MOL would be taking a stake in the company and assisting in the construction and operation of the FLNG units.
The maritime arm also highlighted design changes to the FLNG units’ mooring, power generation and cooling systems which were not included in its original Final Environmental Impact Statement for the project.
Marad’s new decision on the project will set its planned time horizon back again as Delfin must now submit and amended application and a supplemental environmental assessment which will need to go out for local state and public review before the regulatory body issues a new decision on the proposals.
Hilarious, MARAD issues a license to a project with zero contracts and no pathway forward while Delfin who has a viable pathway forward is slow-walked into losing their contracts???
Yeah, get Vitol and Gunvor on the phone and have them send money to Tony Podesta in the Middle East. He does lobbying work for $1M payouts sooooo, I don't see the issue. Just do it already.
A lawsuit would likely come with some form of injunction or court ordered pause on the process until the dispute is resolved. They will need to choose to either sue or resubmit an "updated" application with redlines (such BS) telling MARAD everything they already know. I have my opinion and I am sure there are people inside Delfin who want these MARAD shitbags on a spit roast. What I'm hoping is that someone at Latham & Watkins actually mans the fuck up and finds his balls and walks in there and hammers out a deal to avoid all this bureaucratic peacocking.
I'm afraid we are. I urge every shareholder to download and read IN FULL the DOE Extension Request and the Supplemental MARAD letters to understand what's actually happening. The claims MARAD is making against Delfin are not true and it's all public. When two parties are reading the same paperwork and coming to two different conclusions you don't keep trying over and over to get them to read it differently (insanity), you seek a different venue with an "impartial" set of eyes (Federal Court). MARAD is openly violating and deviating from their own established processes and industry standards to make a point out of Delfin for some reason(s) that have been speculated about already.
Senators are parasites. If MARAD is at the point of lying to Delfin I suspect it's much deeper than simple clarifications on paperwork. I believe John Podesta is helping his brother Tony Podesta stall Centrica from Delfin for Qatar LNG.
Coming from you that doesn't mean very much. And instead of being a coward just message me directly you fucking loser.
What MARAD said to Delfin is literally a provable outright lie. Delfin is NOT required to do a supplemental FEIS for the updates to the design and MARAD has been privy to ALL the financial change updates that have been provided to the DOE for the entirety of the process.
I do not believe there will be a RS before the RM. Too many people holding huge lots of shares for there to be a RS before the RM. The one is not needed for the other to occur at a time of simple corporate reorganization and no business factors to consider. I believe the RS would come after the RM, or even later after uplisting to another exchange. Personally, I see Delfin uplisting to the AMEX (formerly NYSE American). They have less stringent requirements with all the institutional access that comes with the "Big Boards". The NIA actually believes that TGLO will issue MORE shares and INCREASE the OS to acquire Delfin's assets. So....many options are on the table.
Delfin will not be able to simply "click a mouse" to execute a corporate action like a reverse split. There's much more involved and shareholders will be informed before anything happens. There would be a shareholder vote, albeit ceremonial, and Fred Jones, being the largest shareholder and majority owner, would make the decision with his vote. I believe the whole process could potentially be done in less than a week from notice to execution, but usually it's a much longer window than that. Nobody here will be blindsided at all by a reverse split.
https://corpgov.law.harvard.edu/2022/11/06/seven-key-considerations-for-a-reverse-stock-split-by-a-delaware-corporation/
MARAD has known about the changes to the project since 2022 and has not required a new study until now. Energy infrastructure projects are allowed to make changes that are within newly established industry standards, and that do not negatively impact the environmental studies already completed and established. Delfin has improved their project within established industry standards and has improved upon and lowered their environmental impact.