New LNG Advances on the U.S. Gulf
The LNG mothership in the Gulf is set to grow even larger as new proposed projects start to make tangible inroads. Reese Energy Consulting today is following the latest moves from two Houston-based operators with highly different plans and business models to feed global demand for natural gas.
Houston’s Delfin Midstream looks to reach a FID by year end to build a deepwater port 40 miles offshore La., which will ultimately accommodate four FLNG vessels producing up to 13 million TPY. The company now is celebrating both a 15-year sales and purchase agreement with Vitol, the world’s largest energy trader, for 0.5 million TPY and an investment by Vitol now that front end engineering and design have been completed. Delfin expects online operations in 2026.
For all the setbacks and delays on the Driftwood LNG terminal, Houston-based Tellurian is finally seeing more than a spark of optimism to become the first integrated LNG pure-player in the U.S. With construction underway on Driftwood, phase 1 of the project is fully contracted, including with Vitol. Now, the company has added another 45 MMCFD of gas to its upstream operations with the $125 million acquisition of more Haynesville gas assets, this time from Shreveport’s EnSight Energy.