TheGlobe.com Inc (TGLO)

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From the motion of support from Centrica, filed yesterday :
Since the successful launch of the world’s first floating LNG vessel in 2017, five further floating LNG vessels have been put into operation globally in the past seven years. During this period, the maturation of floating liquefaction technology as well as the experience Document Accession #: 20230809-5083 Filed Date: 08/09/2023
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and track record established across the supply chain has been a necessary step in securing offtake interest from Centrica on a long term basis from FLNGV1. Operational experience in and maturity of floating liquefaction technology is also important in securing investor and lender confidence to fund the development of a floating liquefaction project in the United States. This allows the Delfin project to be credible and bankable and hence can be relied upon by offtakers such as Centrica as a viable source of supply. It is because of these factors that Centrica entered into the LNG SPA with Delfin.

Given Centrica’s substantial interest in FLNGV1 reaching completion as a long-term customer of Delfin, Centrica supports Delfin’s request for an extension of time and respectfully requests that the Commission grant the requested extension by no later than the current September 28, 2023 deadline in order to facilitate Delfin’s expected Final Investment Decision on FLNGV1 in October 2023.