U.S. LNG developer Delfin LNG asked federal energy regulators for a third extension until September 2022 to bring into service the onshore facilities of its proposed floating LNG export plant off the coast of Louisiana.
The U.S. Federal Energy Regulatory Commission (FERC) in September 2017 authorized Delfin to build its project by September 2019.
In June 2019, Delfin asked FERC for an extension to finish the project until March 2023. FERC, however, only gave Delfin a one-year extension until September 2020.
In June 2020, Delfin asked and received another one-year extension from FERC to finish the project by September 2021.
In asking for this third extension, Delfin said global “economic conditions are recovering from the COVID-19 pandemic and the spot and short-term markets for LNG have significantly improved ... which will support the company to enter into long-term LNG offtake contracts.”
Delfin is one of more than a dozen North American LNG export projects that have repeatedly pushed back decisions to start construction due primarily to a lack of customers signing long-term deals needed to finance the multibillion-dollar facilities.
Delfin said in its FERC filing it “is confident that it will secure commercialization in the coming year.”
Delfin’s project would use existing offshore pipelines to supply gas to up to four vessels that could produce up to 13 million tonnes per annum of LNG or 1.7 billion cubic feet per day of natural gas.
Recommended Reading
ONEOK Completes EnLink Midstream Takeover for $4.3B
2025-02-02 - ONEOK had agreed to acquire the remaining stake in EnLink in November 2024 for $4.3 billion after having acquired the controlling interest a month prior.
DT Midstream Closes $1.2B Midwest Pipeline Acquisition with ONEOK
2024-12-31 - DT Midstream acquired three pipelines with more than 3.7 Bcf/d of capacity that span approximately 1,300 miles across seven states.
DT Midstream to Buy 3 Pipe Networks from ONEOK in $1.2B Deal
2024-11-19 - ONEOK plans to use the proceeds from the sale of the Guardian Pipeline, Midwestern Gas Transmission and Viking Gas Transmission to focus on other operational priorities.
Coterra Notches Year-End Permian Deal for $43MM
2024-12-31 - Coterra Energy will buy an additional 1,650 net royalty acres from Sandia Minerals LLC, the interests of which are owned by Franklin Mountain Royalty Investments, for $43 million.
Matador’s Stake in San Mateo JV Rises to $1.5B After Pipeline Deal
2024-12-19 - Matador Resources closed a deal adding subsidiary Pronto Midstream to its 51%-owned joint venture with Five Point Energy.