Vitol has invested in Delfin FLNG 1, the first floating liquefied natural gas (LNG) liquefaction facility in the United States and the largest floating LNG project globally. Once the project is completed, Vitol will be its largest offtaker, with volumes of 1.4 million tonnes a year.
Delfin Midstream Inc. (Delfin) has taken a final investment decision on the project. Vitol is investing alongside a group led by Global Infrastructure Partners (GIP), part of BlackRock, and Mitsui O.S.K. Lines, Ltd. (MOL).
The facility will be located about 40 miles off the southern coast of Louisiana. It will have an annual nameplate production capacity of 4.4 million tonnes of LNG and is expected to begin production in 2030. The total project cost is approximately US$5 billion.
