For Delfin Midstream, the three-pronged strategy of low-cost production, smaller final investment decision (FID) increments and commercial and operational flexibility is what sets its near-shore Delfin LNG project in the US Gulf of Mexico apart from the competition.
Having recently announced completion of front end engineering and design (FEED) for a newbuild 3.5 mtpa floating liquefaction (FLNG) vessel, which will be deployed off the coast of Louisiana, Dudley Poston and Wouter Pastoor – Delfin’s CEO and COO respectively – explain to LNG Business Review that the project can be executed for “a total cost of USD 500-550 per tonne” of installed liquefaction capacity. This, they maintain, can prove decisive in the battle against rising feed gas prices, slack demand and regulatory deadlines.
According to Poston, the Delfin LNG project, which is targeting FID in H1 ‘21 and the start of commercial operations in H1 ‘25, capitalises on the two biggest innovations seen in the natural gas business in the past two decades: the shale gas revolution in North America and floating LNG – the latter encompassing floating storage and regasification units (FSRUs) and FLNG.
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