Delfin LNG said Wednesday it’s forging ahead with the initial phase of its natural gas export terminal planned off the Louisiana coast, announcing a $5 billion final investment decision.
Delfin said the project, approved last year by the Trump administration, would be the United States’ first floating liquefaction facility and the biggest of its kind globally. The Biden administration denied a license for the project, planned for roughly 40 miles offshore, but the Trump administration reversed that decision through an executive order.
The go-ahead that Delfin announced Wednesday is for the project’s first vessel, which would have an export capacity of 4.4 million metric tons of LNG per year, the company said. The project is designed to have up to three total vessels capable of exporting a combined 13.2 million metric tons of LNG per year.
“We are excited by our ability to support U.S. energy and maritime dominance by bringing safe, reliable, low-cost LNG exports to market,” Delfin CEO Dudley Poston said.
