finance
Delfin Midstream Nears Approval of First U.S. Floating LNG Export Terminal
Delfin Midstream is approaching a final decision on a floating liquefied natural gas export facility off the Louisiana coast. The project would be the first of its kind in the United States if approved.
May 28, 11:15 AM·1m read1 source
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According to sources familiar with the matter. The proposed terminal would be located offshore Louisiana and would export LNG produced from domestic natural gas supplies. The company has not yet issued a formal announcement confirming the decision.
LNG terminals process and liquefy natural gas at sea before loading it onto specialized carriers for export. Delfin has previously received federal permits for the project but has not moved to final investment decision. The facility would differ from traditional land-based LNG export terminals by using a converted vessel rather than onshore infrastructure.
No construction timeline or capacity figures have been released by the company.
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