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 beneath its deliberate offshore Louisiana LNG challenge. The Letter of Award (LOA) secures SHI’s dock rights for vessel building and initiates early challenge engagement to arrange for a ultimate funding choice (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 significant milestone for the Delfin LNG challenge, which goals to turn into the primary U.S. deepwater LNG export facility utilizing floating manufacturing expertise.
“We’re very happy with the industrial and financing workstreams closing in for an FID on the Delfin LNG challenge,” stated Dudley Poston, Delfin CEO. “With this LOA we additional strengthen our building pathway, not only for the primary but in addition the second and third FLNG vessels. Lastly, we’re excited that the Delfin challenge can foster elevated cooperation in commerce, vitality and shipbuilding between the Republic of Korea and the USA.”
Earlier in 2025, Delfin secured manufacturing capability for the FLNG vessel’s fuel generators from Siemens Vitality Inc. and has since superior debt and fairness financing. The challenge’s brownfield deepwater port design will leverage current infrastructure to cut back improvement prices whereas supporting as much as three FLNG vessels with a complete capability of 13.2 MMtpa.
If sanctioned, Delfin’s improvement would place the U.S. Gulf as a hub for scalable offshore LNG exports, combining low-cost floating infrastructure with strategic partnerships to fulfill rising international demand.