Delfin, Hartree sign LNG offtake agreement

Delfin Midstream Inc. and Hartree Partners Power & Gas Co. (UK) Ltd. have signed a purchase agreement for Hartree’s purchase of 0.6 million tonnes/year (tpy) of LNG for 20-years on a free-on-board basis from Delfin LNG LLC’s planned 13.3-million tpy Delfin Deepwater Port, 40 nautical miles off the coast of Louisiana. The SPA is indexed to the Henry Hub benchmark.

Delfin has now secured commitments for 3.1 million tpy of LNG sales, sufficient to make FID on the first of four possible floating LNG (FLNG) vessels. Delfin expects to make FID in mid-2023, the company said Apr. 24. The offshore port will be built in 3.5-million tpy increments using FLNG plants, with FID also being approached incrementally.

The company is finalizing construction contracts “for multiple identical liquefier vessels which will offer material cost savings and position [Delfin] to make FID on [the company’s] second FLNG vessel by the end of this year,” said Wouter Pastoor, Delfin's chief operating officer.