🇺🇸 ➡️ Delfin Midstream Requests DOE Extension to 2029 for Gulf of Mexico LNG Project
Delfin Midstream Inc. is seeking an additional five years to complete its LNG export project offshore Louisiana, marking one of the first tests of the Department of Energy’s (DOE) stance on extensions since last year.
For more than a decade, Houston-based Delfin has been developing a proposed export project offshore Louisiana that would use four floating liquefied natural gas (FLNG) vessels with a combined capacity of more than 13 million metric tons/year (mmty).
After signing around 5.6 mmty in tentative or binding offtake agreements, Delfin informed DOE that it has more than covered the capacity of the first FLNG vessel and is on its way to fully marketing the second. However, before it begins construction of the vessel, the company said it would need an extension, with...
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Structural engineer II at Orbital Engineering, Inc.
10moDid they buy this equipment with Monopoly money? When is this 88 cent per share company going bankrupt? Souki cares about shareholders hahaha. What a joke. Get rid of these incompetent board of directors and this joke of a CEO. The best thing I’ve heard was Souki telling a reporter he had more than enough money than he could spend in a lifetime. He said that after he got margin called. He cares about retail shareholders so much. #bankruptcy