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Under the new sales and purchase agreement, Delfin LNG will supply 0.3 million tonnes of LNG per annum to Gunvor on a free-on-board (FOB) basis at the Delfin FLNG1 facility, located 40 nautical miles off the coast of Louisiana, for 20 years, according to a joint statement.
The partners did not provide further details.
Kalpesh Patel, co-Head of LNG trading and member of Gunvor’s management board welcomed the signing of another long-term partnership with Delfin.
“The deal represents further enhancement of Gunvor’s LNG portfolio and together with our robust fleet, we will continue to position ourselves as a reliable supplier of LNG to all destinations around the globe,” he said.
“We look forward to building on our longstanding partnership with Gunvor as we continue to advance the development of critical energy infrastructure in the US,” Dudley Poston, CEO of Delfin, said.
In 2023, Delfin agreed to supply between 0.5 to 1 million tonnes of LNG per year to Gunvor for a minimum duration of 15 years.
In February 2024, Chesapeake, now Expand Energy also entered into an offtake deal with Delfin Midstream to supply 0.5 million tonnes of LNG per year to Gunvor.
However, Expand Energy recently announced that SPAs with Delfin and Gunvor have been terminated.
Instead, Expand Energy signed a new deal for long-term liquefaction offtake with Delfin FLNG 1, subject to final investment decision.
Under the SPA, Expand Energy will purchase approximately 1.15 million tonnes of LNG per annum from Delfin FLNG 1 at a Henry Hub price with a contract targeted start date in 2031.
FID
Delfin did not provide an update regarding FID on the first vessel in the joint statement with Gunvor.
In January 2026, Delfin Midstream said that it expects to make FID on its first FLNG unit in February this year.
The LNG developer agreed to an extension of the letter of award with South Korean shipbuilder Samsung Heavy Industries previously announced in October 2025.
The LOA formally notified SHI that it had been selected and awarded as the exclusive EPCI contractor for the first FLNG of the Delfin LNG project, while Delfin is entitled to the exclusive rights to SHI’s dock for construction of the first FLNG.
Concurrent with this extension, Delfin has entered into an LoA with Black & Veatch for the execution of a purchase order with Siemens Energy.
This follows an agreement in July 2025 between Delfin and Siemens Energy to reserve manufacturing capacity for the SGT-750 gas turbine mechanical drive packages.
Delfin’s brownfield deepwater port requires minimal additional infrastructure investment to support up to three floating LNG vessels producing up to 13.2 million tonnes of LNG annually.