Picture: Delfin Midstream
Delfin Midstream Inc. has awarded Samsung Heavy Industries (SHI) the unique engineering, procurement, building and set up (EPCI) contract for the primary floating LNG (FLNG) vessel underneath its deliberate offshore Louisiana LNG venture. The Letter of Award (LOA) secures SHI’s dock rights for vessel building and initiates early venture engagement to organize for a closing funding resolution (FID) anticipated in late 2025.
The settlement additionally outlines a path for a second FLNG vessel FID in early 2026, with the 2 firms exploring future collaboration on a 3rd vessel and extra shipbuilding alternatives. The partnership marks a serious milestone for the Delfin LNG venture, which goals to turn into the primary U.S. deepwater LNG export facility utilizing floating manufacturing know-how.
“We’re more than happy with the business and financing workstreams closing in for an FID on the Delfin LNG venture,” mentioned Dudley Poston, Delfin CEO. “With this LOA we additional strengthen our building pathway, not only for the primary but additionally the second and third FLNG vessels. Lastly, we’re excited that the Delfin venture can foster elevated cooperation in commerce, power and shipbuilding between the Republic of Korea and the USA.”
Earlier in 2025, Delfin secured manufacturing capability for the FLNG vessel’s gasoline generators from Siemens Power Inc. and has since superior debt and fairness financing. The venture’s brownfield deepwater port design will leverage present infrastructure to cut back growth prices whereas supporting as much as three FLNG vessels with a complete capability of 13.2 MMtpa.
If sanctioned, Delfin’s growth would place the U.S. Gulf as a hub for scalable offshore LNG exports, combining low-cost floating infrastructure with strategic partnerships to satisfy rising world demand.
