Huge find, thank you! This explicitly details the life story of Delfin and the struggles. It's amazing, but not surprising, they have spent > $100MM dollars on their project to date. So many positive details, R/M & FID is imminent! We now know the hold up this whole time is MARAD, otherwise Delfin would have taken FID a long time ago. They clearly state they expect approval/licensing from them very shortly. They are so confident, which we all know, they have stated to just give them 9 months, and if they aren't prepared by then, the license can be revoked.... Huge!
Delfin has diligently and continuously worked to advance its project as expeditious as it could and has spent well over $100 million in doing so. Through those efforts, it has successfully advanced the project such that it is now nearly ready to make Final Investment Decision (“FID”)
The executed contracts represent a long-term revenue stream of almost $19 billion that will underpin the Delfin Deepwater Port and the first FLNGV. Thus, Delfin has the needed financial support to reach FID and proceed with its first FLNGV, as well as contracted customers counting on its LNG supply.
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