Replies to post #30286 on TheGlobe.com Inc (TGLO)

[Big Nickel]

This has been a head scratcher for me why would Fairwood give 5% of Fairwood to work on the Delfin project. Delfin has signed an agreement with Golar LNG, which will see the two companies collaborate on the initiative’s financing, construction and general operation.

The first of the four FLNGVs is expected to use Golar’s Mark II solution, which is currently under development. The design includes a liquefaction capacity of less than 3Mmtpa.

Höegh LNG has also signed an agreement to act as the owner’s engineer and operator of the FLNGVs.

In addition, Enbridge has agreed to provide pipeline management support and expertise for the project in exchange for 5% equity in the Fairwood Group.
https://www.offshore-technology.com/projects/delfin-floating-lng-project-gulf-mexico/