Title (translated):
KIND and the Ministry of Climate (Green Fund) to invest $100 million in BlackRock’s U.S. Louisiana FLNG project
Published: December 11, 2025 — 9:14 AM
Summary (translated):
KIND and the Ministry of Climate, Energy and Environment’s Green Fund are investing $100 million in a floating LNG (FLNG) project in the Gulf of Mexico off the coast of Louisiana, led by a BlackRock fund.
According to investment banking industry sources:
• KIND and the Green Fund will contribute $70 million and $30 million, respectively, to the Delfin Midstream FLNG project
• The project involves installing FLNG facilities about 76 km off the Louisiana coast, with a liquefaction capacity of 4.4 million tonnes per annum (mtpa) of LNG
• It is a large-scale project with total capital cost around $4.7 billion, partly backed by a long-term sales agreement with a major global LNG buyer
• Samsung Heavy Industries is participating as the EPC (engineering, procurement, construction) contractor
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