Delfin reaches $5-billion FID on first FLNG vessel

HOUSTON, June 4, 2026 – Delfin Midstream has reached a positive FID on the first FLNG vessel of its Delfin LNG project offshore Louisiana, committing USD 5 billion to what could become the first FLNG export facility in the US, the company said on Wednesday.

Delfin FLNG 1 is backed by BlackRock division Global Infrastructure Partners, Japan’s Mitsui O.S.K. Lines, global commodity trader Vitol and asset manager Diameter Capital Partners. It is expected to export 4.4 million tonnes per year (tpy) of LNG starting in 2030.

“Securing FID for our first FLNG vessel is a groundbreaking milestone not only for Delfin, but also for global energy security. We are excited by our ability to support US energy and maritime dominance by bringing safe, reliable, low-cost LNG exports to market,” said Delfin CEO Dudley Poston.

The Delfin LNG development is a brownfield deepwater port project designed to support up to three FLNG vessels producing up to 13.2 million tpy of LNG. It will be linked to the UTOS natural gas pipeline, which Delfin acquired in 2014 and is repurposing to transport gas from the onshore grid to the offshore liquefaction units.

The project has secured the necessary permits and licenses to proceed with construction and is supported by long-term LNG offtake agreements with Vitol, Expand Energy, Centrica and Gunvor. Construction contracts for the project have been awarded to Samsung Heavy Industries and Black & Veatch.

Rendering courtesy of Delfin Midstream

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