Delfin LNG said it has signed a memorandum of understanding with BTG Pactual Commodities in relation to the tolling of all of the liquefaction capacity for the first floating liquefaction vessel to be deployed at the Delfin LNG Deepwater port project.
The MoU includes an option for BTG Pactual Commodities to expand its tolling arrangement to include the liquefaction capacity of additional floating liquefaction vessels under development by Delfin LNG, the company said in a statement.
In February 2014, Delfin LNG received approval from the Office of Fossil Energy of the Department of Energy for exports to FTA countries. The approval encompasses a long-term, multi-contract authorization to export LNG produced from domestic sources in volume equivalent to approximately 657.5 billion cubic feet per year of natural gas, or 1.8 billion cubic feet per day.
Delfin’s proposed floating liquefaction project is to be located approximately 50 miles offshore of Cameron Parish, Louisiana. Delfin LNG has also applied for authorization to export to Non-FTA countries.
Delfin LNG also recently announced the signing of a Joint Development Agreement with Höegh LNG in relation to its US-based Delfin LNG deepwater port project.
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Image: Delfin LNG