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https://lngjournal.com/index.php/unlimited/item/92706-further-approvals-given-to-first-delfin-floating-lng-project-planned-for-gulf-of-mexico

Delfin LNG, the most advanced US floating export development proposed for offshore Louisiana in the Gulf of Mexico, has had its permit approved by regulators to reactivate and construct facilities on its onshore pipeline in Cameron Parish.

The permit from the Federal Energy Regulatory Commission will enable Delfin to transport gas to its proposed deepwater port terminal to be located 30 miles offshore Louisiana.

The FERC order also authorizes High Island Offshore System to abandon from Natural Gas Act service certain offshore pipeline facilities which will be utilized by Delfin LNG.

The Delfin FLNG project is owned by a US-Asian joint venture called Fairwood Peninsula Energy and is planning to deploy a floating liquefaction facility with four moored production and storage vessels to produce up to 13 million tonnes per annum of LNG.

The Delfin developers have already been awarded a deepwater port licence by the US Maritime Administration and the venture has been approved by the US Coast Guard, clearing the way for the first US FLNG project to proceed.

Delfin purchased the UTOS pipeline, the largest natural gas pipeline in the Gulf of Mexico, and submitted its deepwater port license application in 2015.

The US Energy Department had additionally determined that exports from the Delfin LNG terminal, jointly owned by the India and Singapore-based Fairwood Group and the US-based Peninsula group, for a period of 20 years, were not inconsistent with the public interest.

Delfin proposes to activate the formerly abandoned offshore system pipeline for the FLNG project and construct new connecting pipelines, a compressor station and associated facilities.

The company has signed a joint development agreement with shipping company Golar LNG for the supply of FLNG vessels to be built in South Korean shipyards.

In June 2016 it also signed a $1.5 billion financing contract with the state-owned Korean Development Bank to help guarantee the construction of the three project vessels in Korea.

The Delfin FLNG financing contract was signed by KDB Chairman Lee Dong-Geol and Delfin founder and Chief Executive Frederick Jones.

The KDB finances overseas projects by providing industrial capital if that adds to South Korean economic development and guarantees jobs.