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The lies continue in the great Griftwood con. Nothing but pure, unadulterated guessing and speculation from TELL management. They have nothing yet speak as if the money is already there. Buyer beware!
I'd say it's quite obvious to anyone paying attention that FERC is nowhere near the political weaponization that the DOE is. There isn't even anybody in this forum that's really ever worried about what FERC would do with Delfin regardless of who has been in office.
I hope you'll be able to recover emotionally. Good luck buddy.
You're missing the entire point of what I'm saying. I'm not arguing that building an LNG export facility in swamp land is easy or tough. I'm arguing that TELL is not a good long-term investment (which is the question you asked, TGLO vs TELL) for the reasons that I've mentioned. The main one being that they went public without financing and started construction without achieving any milestones considered normal and necessary for large, capital intensive infrastructure projects to be commercially viable and successful. Furthermore, it appears very likely that the very existence of TELL was for the sole purpose of self enriching one individual. You asked, I'm answering.
Your picture is precisely what I described in my comment. They have pushed dirt around, driven some pilings, and poured some concrete so that they could take drone photos to sell you more shares. It's a construction grift where you start building without the money to finish. The grift is in the endless need to treat your investors like ATM's (funny that TELL is currently utilizing an (A)t-(T)he-(M)arket offering to fund itself). They have no contracts for LNG and no meaningful progress on equity financing. This alleged "high value" property is a massive burden to the company and will not receive anywhere near its fair value as TELL has no leverage in negotiations. Not meaning to sound like a dick and trash your investment, but TELL is hot garbage.
And no, Delfin LNG is already permitted and approved for non-FTA export of LNG.
What are these "few dozen eggs" that TELL has cracked? From my calculations TELL has cracked precisely zero eggs. Delfin on the other hand: (1) Vitol SPA, (2) Centrica SPA, (3) Hartree SPA, (4) Gunvor SPA, (5) Chesapeake SPA, (6) Devon HOA, (7) Devon & Mitsui O.S.K. strategic investments.....TELL was taken public WITHOUT financing for the express purpose of providing needed collateral for a personal real estate loan for Charif Souki, period. All they've done since then is plant some trees, push dirt around a field, drive some pilings, and pour some concrete in a classic construction grift to bilk gullible investors into soaking up the dilution bc they can watch drone flyovers of the scam in process.
From my perspective, the O&G industry burns so much excess NG at their drilling sites in the off gasing process that it would seem that supply could never even be an issue. Delfin's company owned, underwater pipeline connects into the vast NG pipeline network. I think it's probably as simple as flipping a switch at a control station and Delfin is receiving gas from the network. I know we have at least 3 current LNG company employees on this board right now, so anybody correct me if you know how it would actually work.
Reuters link for the Boomers...https://www.reuters.com/markets/deals/chesapeake-energy-signs-lng-export-deal-with-gunvor-delfin-2024-02-13/
From TradeWinds:
https://www.tradewindsnews.com/gas/chesapeake-energy-signs-up-to-take-lng-from-gunvor-s-delfin-midstream-production/2-1-1597985
Chesapeake Energy signs up to take LNG from Gunvor’s Delfin Midstream production
FLNG developer secures another customer for its planned US floaters
US oil and gas company Chesapeake Energy Corp has inked a deal to buy LNG from Delfin Midstream’s planned floating LNG (FLNG) production units in the US Gulf.
Chesapeake signed a sales and purchase agreement (SPA) under which it will buy approximately 0.5 million tonnes per annum from Delfin LNG from a start date in 2028.
The volumes will be delivered to trader Gunvor on a free-on-board basis.
Delfin said Chesapeake is purchasing the LNG at a Henry Hub price. The sales price to Gunvor is linked to the Japan-Korea Marker (JKM) for a 20-year period.
The FLNG developer said that the volumes will represent 0.5 mtpa of its previously announced up to 2 mtpa heads of agreement with Gunvor which it announced in November 2023.
Under this, Delfin said the LNG will be supplied to Gunvor over a 15-year period on an FOB basis from its Delfin Deepwater Port, which is to be located 40 miles off the Louisiana coast.
The offshore facility has been designed to support four FLNG units capable of producing a total of 13.3 mtpa of LNG.
Delfin, which paired with Japanese shipowner Mitsui OSK Lines on its project and signed up a string of LNG offtake agreements with big-name buyers, said it was “in the final phase towards FID [final investment decision] on its first three FLNG vessels”.
Speaking about this latest agreement, Delfin chief executive Dudley Poston said: “We believe our unique liquefaction solution provides Chesapeake with commercial flexibility with a reduced environmental footprint, while providing a much-needed source of additional supply to key US allies and the global LNG market.”
Chesapeake president and chief executive Nick Dell’Osso said: “Today’s announcement cements an important step on our path to ‘Be LNG Ready’ ...”
Dell’Osso said the agreement provides diversification and access to global LNG pricing while enabling the delivery of affordable, reliable, lower carbon energy to markets in need.
Oklahoma City-headquartered Chesapeake has a goal to achieve net zero Scope 1 and 2 greenhouse gas emissions by 2035.
Gunvor co-head of LNG Trading and a member of the executive committee Kalpesh Patel said: “This deal represents an important step in finalizing the 0.5 mtpa out of our total of 2.0 mtpa arrangement with Chesapeake while expanding our existing cooperation with Delfin.
“We continue to provide reliable and competitive logistics services to our partners by utilising our fleet consisting of vessels procured via term charters and equity ownership,” Patel said, adding that Gunvor looks forward to establishing additional agreements with the companies soon.
I wonder if we'll ever get clarification on why there is a shadow under one of the arrowed arcs at the end of the video? I think someone awhile back joked about FlyingLNG...
Exactly. All an "internal FID" really needs to be is Delfin's advisor from Citi getting the vessel quotes from Wison and/or SHI with the known SPA quantities to back it and telling Delfin that they're "covered", either with their funds or someone else's they brokered. Delfin then sends those internal communications and numbers to FERC/DOE and the rubber-stamping on everything Delfin needs continues. To this day they have been granted every single permit, license, and extension they've ever requested. Much larger projects have been shot down by the DOE (Energy Transfer) yet Delfin still stands for a reason.
When it comes to Delfin and the whole "FID issue", I assume that when they say "nearing FID on the first vessel", then next we hear "nearing FID on two vessels", then next we hear "nearing FID on three vessels", that they have logically achieved an internal FID on each previous vessel as their wording progresses from one to two to three. I don't need them to draft a PR telling me they are giving us a wink and a nod and spelling it out for us in plain English. Yes Delfin, I get it.
No problem, Senor.
CHESAPEAKE ENERGY CORPORATION, DELFIN LNG AND GUNVOR SIGN LONG-TERM LNG LIQUEFACTION OFFTAKE AGREEMENT INDEXED TO JAPAN KOREA MARKER
There are well known and well paid social media influencers who have figured out that by misspelling a word in their Tweets it attracts total scum bags who just can't resist correcting an obviously honest mistake. They do this bc they know these people are so petty and childish they'll drive views to posts bc they create such a drama over nothing and can't let simple things go. It drives engagement ($) through the roof.
Right, act like you've never heard of auto fill text. It's literally embarrassing that you believe the only time Delfin talks to federal regulators is in public filings and we know everything that Delfin and FERC/DOE know. That proves 100% that you are out of your league. There are people here who read your drivel and they know how much there is that you don't know, and it's like you're a child wandering into an adult conversation. It's tedious and annoying.
Thanks for the win!
Nobody here thinks you blocking them is something to be worried about.
Why? We are talking about Delfin on a Delfin forum. It's kind of the place to have the conservation you moron.
You seem to not understand the relationship between government and private business and who wears the pants and when. Delfin LNG is an APPROVED project. They are not begging anybody for anything.
You are wrong. The entire process is NOT public and we are specifically NOT told the contractual and financial terms deemed private by Delfin. It is almost 100% certain that Latham & Watkins are in almost continual communication with their contacts within FERC/DOE on all matters Delfin LNG. We are NOT privy to that information. Obviously.
There is a third option and it's likely the correct one. The public progress reports are snapshots of the project at the time the report is filed. There are TWO copies of these reports, one that is public and one that is privileged and for official eyes only. The privileged reports likely contain the pertinent financial information that PROVES Delfin's claims and JUSTIFIES their extensions. The fact you can't grasp the concept that Delfin isn't a failure or a liar for simply building a larger project is ridiculous. It's entirely possible that FERC has been told of internal FID's on one or more vessels already. You are not entitled to a PR every time Delfin makes a decision.
I really find this narrative that Delfin "lied" to FERC to be undeserved. Honestly, it's being stated as a fact that you know when it's actually an opinion based from a position of extreme lack of knowledge on the inner workings and conversations between Delfin and FERC (a position from which we ALL occupy, not just yourself). These people communicate far more than what the procedural filings would indicate on the surface. The project growing in size and showing the commercial ability to fulfill and execute on it's granted export privileges is obviously a valid reason for missing a "deadline" previously stated to a regulatory agency. Delfin would not be "punished" by the govt for working towards filling their full, granted and approved capacities.
There's a difference between building modern infrastructure to provide power domestically within Canuckistan, and building LNG infrastructure to increase exposure to the international markets. The notion that Canuckistan is going to "catch up" to the US in the export of LNG (which would need to be backed by domestic drilling) is not a serious venture IMHO.
Chris O’Shea, Centrica Group Chief Executive,
On life support, plug about to be pulled...https://oilprice.com/Latest-Energy-News/World-News/Tellurian-Fights-to-Keep-Driftwood-LNG-Project-Alive.html
I agree. Biggest secret in the market and no pump, just cold, hard DD and patience.
GTC does nothing....https://investorshangout.com/post/view?id=4801988
Honestly, is there a LNG company or project out there stocked with more industry talent than Delfin Midstream? Legitimately asking but in a rhetorical nature. They have the best from Golar LNG and Flex LNG with Mitsui O.S.K. on the board. Now an Enbridge guy with patents, tons of pipeline experience, and long-term, capital intensive infrastructure projects? If Delfin isn't the swinging d*ck in the hallways at DOE, nobody is. Haha.