Overview
- Delfin Midstream announced a $5 billion final investment decision for the first FLNG vessel on June 4, 2026, committing to build a 4.4 million tonne per year facility that aims to begin production in 2030.
- Delfin has executed EPC and engineering contracts with Samsung Heavy Industries and Black & Veatch and secured investor backing led by Global Infrastructure Partners/BlackRock alongside Mitsui O.S.K. Lines, Vitol, and Diameter.
- South Korean government-linked firms and funds backed Samsung’s roughly $2.8–2.9 billion EPC award and reported that a client notice to proceed has been issued, allowing shipyard mobilization toward a July 2030 delivery target.
- The project holds U.S. federal approvals, including a MARAD deepwater port license and DOE authorization for long-term exports to non‑FTA countries, after a prior Biden administration denial was reversed by the current administration.
- Delfin’s FLNG design is mobile and weather resilient with living quarters for about 120 people, the company plans up to three identical vessels totaling 13.2 mtpa, and the build is likely to steer work and jobs to South Korean yards while expanding U.S. LNG export capacity for decades.