Delfin LNG Deepwater Port Application Submitted to the Maritime Administration and the United States Coast Guard

HOUSTON--()--Delfin LNG LLC (“Delfin”), announced today that on May 8th it submitted an application to the Maritime Administration (“MARAD”) and the United States Coast Guard (“USCG”) to construct, own, and operate the Delfin LNG Project (“Port Delfin”) under the Deepwater Port Act (“DWPA”). The primary purpose of the proposed project is to provide a safe and reliable facility to liquefy natural gas for export to free trade agreement (“FTA”) and non-FTA nations under authorizations from the US Department of Energy. Delfin is seeking authorization to construct, own and operate a deepwater port capable of exporting up to 443.3 billion cubic feet per year of natural gas or approximately 9.2 million metric tonnes per annum of liquefied natural gas (“LNG”).

Frederick Jones, the Founder of Delfin, commented: “This is a very exciting step for Delfin and our partners in the project. We believe that floating liquefaction technology is faster to market, more flexible, and more environmentally friendly than land based liquefaction terminals. As the first floating liquefaction project in North America, Port Delfin will be a significant development in the world's evolving natural gas markets and an historic milestone for the U.S. oil and gas industry.”

The proposed Port Delfin will be located approximately 50 miles off the coast of Cameron Parish, Louisiana, and be the first LNG export deepwater port project in the United States. Port Delfin would maximize use of existing infrastructure, support numerous manufacturing and construction jobs, and generate permanent employment opportunities for US mariners, engineers, operators and technicians. The project proposes to construct an onshore compressor station and use existing, underutilized pipeline infrastructure in the Gulf of Mexico to transport natural gas to four moored floating liquefied natural gas vessels (“FLNGVs”). Delfin also has submitted an application with the Federal Energy Regulatory Commission for the onshore components of the project. Delfin has also signed a joint development agreement with Höegh LNG Ltd. (Oslo Børs: HLNG) to act as a co-owner, owner’s engineer, and operator of the FLNGVs.

About Delfin LNG LLC:

Delfin LNG LLC (“Delfin”) is currently developing Port Delfin, a floating liquefaction and export facility to be located in the Gulf of Mexico. As planned, Port Delfin consists of onshore gas compression facilities and a deepwater port that uses existing pipeline infrastructure in the Gulf of Mexico to transport natural gas offshore to four moored floating liquefaction vessels. Delfin has submitted an application to MARAD and the USCG for authorization to construct, own and operate a deepwater port capable of exporting 443.3 Bscf/y of natural gas or 9.2 MMtpa of LNG. Delfin signed a Joint Development Agreement with Höegh LNG Ltd (HLNG:Oslo) in relation to the Project. Further information is available at http://www.delfinlng.com/.

About the DWPA Licensing Process:

The DWPA establishes a statutorily-mandated 356-day ‘clock’ for processing a deepwater port license application. Initially, the Maritime Administration (“MARAD”) and the U.S. Coast Guard (“USCG”) evaluate a newly submitted application for completeness; a process which takes 26 days. From the date of publication of a notice of a complete application in the Federal Register, the DWPA establishes a specific time frame of 330 days for approval or denial of the deepwater port license. During this time period, MARAD and USCG, in collaboration with other agencies, ensure that an Environmental Impact Statement is developed. If MARAD and USCG determine that additional information is necessary during this process, they may suspend an application’s review at their discretion. Further information about the deepwater port licensing process is available at www.marad.dot.gov and www.uscg.mil/hq/cg5/cg522/cg5225/.

Contacts

Media:
Sard Verbinnen & Co
Dan Gagnier, 212-687-8080

Delfin LNG LLC