Korea Development Bank said it has agreed to provide US$1.5 billion for the proposed Delfin FLNG project, 50 miles off the coastline of Cameron Parish, Louisiana.
Delfin LNG, a wholly-owned subsidiary of Fairwood Peninsula Energy, is looking to develop a deepwater port and floating liquefaction facility, as well as the associated pipeline, including about 1.1 mile of onshore pipeline and aboveground facilities.
According to Delfin LNG, this would be the first floating liquefaction vessel to operate off the coast of North America.
LNG engineer Bechtel has been selected to perform the front-end engineering and design for the floating LNG vessel which will be able to disconnect from the port facility and move to protected waters during a hurricane.
The proposed initial export capacity of the facility will be 8 mtpa of LNG with an option to be expanded to 13 mtpa, depending on the marked conditions. The facility will receive natural gas from the Delfin offshore pipeline.