Delfin LNG Announces MOU with BTG Pactual Commodities for Tolling Capacity for First FLNGV
March 06 2015 - 6:30AM
Business Wire
Delfin LNG LLC (“Delfin LNG”) announced the signing of a
memorandum of understanding (“MOU”) with BTG Pactual Commodities
(BVMF:BBTG11) in relation to the tolling of all of the liquefaction
capacity for the first floating liquefaction vessel to be deployed
at the Delfin LNG Deepwater Port Project. The MOU includes an
option for BTG Pactual Commodities to expand its tolling
arrangement to include the liquefaction capacity of additional
floating liquefaction vessels under development by Delfin LNG.
“We are very pleased to be signing this MOU with BTG Pactual
Commodities as our anchor long-term customer,” said Frederick
Jones, President of Delfin LNG. “BTG Pactual Commodities has been
involved with the Delfin LNG Deepwater Port Project from its
inception and is uniquely positioned to be a powerful participant
in the project. Its strong presence in natural gas in the Americas
and Europe further make them an ideal partner. Our MOU is an
important milestone as we continue to develop the United States’
first floating deepwater liquefaction project.”
In February 2014, Delfin LNG received approval from The Office
of Fossil Energy of the Department of Energy (“DOE”) for exports to
FTA countries. The approval encompasses a long-term, multi-contract
authorization to export LNG produced from domestic sources in
volume equivalent to approximately 657.5 billion cubic feet per
year (Bcf/yr) of natural gas, or 1.8 billion cubic feet per day
(Bcf/d). Delfin’s proposed floating liquefaction project is to be
located approximately 50 miles offshore of Cameron Parish,
Louisiana. Delfin LNG has also applied for authorization to export
to Non-FTA countries.
Delfin LNG also recently announced the signing of a Joint
Development Agreement with H�egh LNG Ltd (Oslo Børs: HLNG) in
relation to its US-based Delfin Liquefied Natural Gas Deepwater
Port Project.
About Delfin LNG LLC:
Delfin LNG LLC is currently developing the Delfin LNG Deepwater
Port Project, a floating liquefaction and export facility to be
located in the Gulf of Mexico. As planned, the Delfin LNG Project
consists of onshore gas compression facilities, a 42-inch pipeline
to transport natural gas offshore, and a deepwater port with four
moorings and four floating liquefaction vessels. Subject to
regulatory approval, the Project will be constructed in phases and
will have an ultimate LNG send out capacity of 13 million metric
tonnes per annum. Further information is available at
www.delfinlng.com.
About BTG Pactual:
BTG Pactual Group is an investment bank and asset and wealth
manager with a dominant franchise in Brazil, and a successful
international investment and distribution platform. Further
information is available at https://www.btgpactual.com
Media:Sard Verbinnen & CoDan Gagnier,
212-687-8080