Delfin LNG has signed a memorandum of understanding (MOU) with natural gas supply and trading company LITGAS, part of the Lithuanian state controlled Lietuvos Energija energy company group.
Under the terms of the MOU, LITGAS intends to contract processing capacity at the company’s LNG deepwater port in the Gulf of Mexico off the coast of Louisiana. It is expected that Delfin LNG will be the first floating deepwater liquefaction project in the United States and will be fully operational by 2019.
“We are excited to announce the signing of this MOU with LITGAS,” said Frederick Jones, President of Delfin LNG. “At this time, the need for diversification of supply in Europe is critical. As such, Delfin LNG is looking to fill the void by supplying European entities with the diversification they need in an environmentally friendly, cost competitive and efficient manner. We look forward to continuing the development of the United States’ first floating deepwater liquefaction project.”
Delfin LNG also recently announced the signing of a Joint Development Agreement with Höegh LNG in relation to its US-based Delfin Liquefied Natural Gas Deepwater Port Project.
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