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From the TGLO Board Found by NorthPeak22
Two articles were in my inbox from today, neither of them mention Delfin in the article, but use their image and name them under it. They are mostly the same, the second one mentions FLNG#2 and #3. It says KIND has also signed SPAs with buyers themselves to help secure the project.


The Korea Offshore Infrastructure Development Support Corporation(KIND)said on the 5th that it had made a decision to participate in the final investment in the floating LNG(FLNG) project in the Louisiana Gulf waters of the United States.

According to KIND, floating lng (FLNG) is a facility that integrates the liquefaction, storage, and shipment functions of mined natural gas into a single offshore plant, allowing LNG to be produced directly at sea with less environmental burden and no site constraints compared to onshore LNG terminals, and has been noted as a next-generation LNG supply method in line with the recent energy transition era.

In particular, it is an area where the attention of global companies is focused due to its efficiency and economy, which allows immediate liquefaction and shipment at sea near the production site.

This is KIND's first entry into the marine plant sector and is regarded as an excellent example of domestic companies ' pre-emptive participation in the new global energy market amid the growing demand for LNG worldwide and the accelerating flow of energy conversion.

The U.S. is the world's largest LNG exporter, and the Louisiana Gulf region is known as the most integrated strategic base for LNG production and export infrastructure.

The project is a large-scale project that operates an FLNG facility in waters about 76 kilometers(km) off the coast of Louisiana to liquefy and sell 4.4 million tons(mtpa)of LNG per year.

In order to ensure the stability of the business, we have established a stable revenue structure by signing long-term sales agreements(spas)with global LNG buyers with high international credit.

KIND has been involved in business with the Blackrock Fund, the world's largest asset manager, the Green Fund of the Ministry of Climate Energy and Environment, and domestic financial institutions to drive the orders of our companies.

The FLNG facility will be built in a domestic shipyard, and the estimated order size of our company is about US $ 2.9 billion(about KRW 4.3 trillion).

As a result, positive ramifications are expected across the industry, such as revitalizing the economy of the shipyard neighborhood, as well as the growth and employment creation of small and medium-sized suppliers.

This investment can be regarded as a representative example of KIND's overseas business development and investment strategy matching the government's policy direction of expanding the U.S. investment business with commercial rationality based on the results of the recent U.S. Trade negotiations.

"This U.S. FLNG project is our first marine plant entry project and a representative success story in harmony with government policy,"said Kim Bok-hwan, President of KIND, "KIND will continue to expand the development and excavation of investment development projects in the U.S. with commercial rationality and continue to open new markets overseas to lead the energy transition era, helping domestic companies to participate more actively in global business."

Second article:

The Korea Offshore Infrastructure Development Support Corporation(KIND)said on the 10th that it had decided to participate in the final investment in the Floating Liquefied Natural Gas(FLNG) project in the Louisiana Gulf waters of the United States on the 5th.


Floating LNG (FLNG) is a facility that integrates the liquefaction, storage, and shipment functions of mined natural gas into a single offshore plant, allowing LNG to be produced directly at sea with less environmental burden and no site constraints compared to onshore LNG terminals, and has been noted as a next-generation LNG supply method in line with the recent energy transition era. It is an area where the attention of global companies is focused because it can be liquefied and shipped immediately at sea near the production site, making it more efficient and economical.



This is KIND's first foray into the marine plant sector. “Domestic companies have preemptively participated in the new global energy market amid the growing global LNG demand and the accelerating flow of energy conversion,”KIND explained.



The United States is the world's largest LNG exporter, and the Louisiana Gulf region is known as the most integrated strategic base for LNG production and export infrastructure. The project is a large-scale project that operates an FLNG facility in waters about 76 km from the Louisiana coast to liquefy and sell 4.4 million tons(4.4 mtpa)of LNG per year. In order to ensure the stability of the business, we have signed a long-term sales and Purchase Agreement(SPA)with a global LNG buyer with high international credit rating to establish a stable revenue structure.



KIND has been involved in business with the world's largest asset manager, the BlackRock Fund, the Green Fund of the Ministry of Climate Energy and Environment, and domestic financial institutions to drive the order of our company. The FLNG facility will be built in a domestic shipyard, and the estimated order size of our company is about $ 2.9 billion(about KRW 4.3 trillion).



KIND said that FLNG No. 2 and No. 3, which are being promoted in the same business, are also doing their best to ensure that our companies can receive linked orders, and that the economic ramifications will expand further in the future.

On the other hand, KIND is spreading a model of cooperation in new energy markets such as the United States and Australia, where domestic financial institutions and industries enter together. This business is an overseas business model that includes K-Content as a package in an investment development-type business structure that goes beyond simple construction-oriented overseas expansion to equity investment, development, EPC, and operation.

“KIND will continue to expand the development and development of investment development projects in the United States with commercial rationality, and continue to open new markets overseas to lead the energy transition era, helping domestic companies to participate more actively in global business, and spreading the Korean-type win-win model,”KIM Bok-hwan, President of KIND, said.
Bullish
Bullish