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The LNG developer announced on Monday that it has 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 has 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.
“Over the past few weeks, the parties have diligently executed early engagement work to prepare for the execution of the Delfin LNG project, and with the last workstreams nearing completion, the parties now expect the final investment decision (FID) in the next month,” Delfin said.
Equipment
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.
During the fall of 2025, Delfin issued a limited notice to proceed (LNTP) for initial execution work of these packages with Siemens Energy.
Delfin said today’s announcement marks the start of the manufacturing of this key equipment under contract with Black & Veatch, who will be the prime subcontractor to SHI for the execution of the topsides engineering and procurement scope as well as pre-commissioning and commissioning services.
The Delfin LNG project will utilize Black & Veatch’s patented PRICO liquefaction technology, which is optimized for efficiency and reliability in onshore, nearshore, and floating applications, the company noted.
In order to prepare for execution and secure the project schedule, additional equipment has been awarded, and manufacturing slots have been reserved for key equipment in the hull and for the topsides, Delfin said.
“With the last parts of the project coming together, we are very pleased to plan for the FID and immediate execution by ordering and reserving key equipment,” Dudley Poston, Delfin CEO, said.
“We are excited by our progress and our continued collaboration with SHI, Black & Veatch, Siemens Energy, and key vendors as we finalize the necessary commercial and financing workstreams to bring the country’s first offshore LNG project to market,” he said.
Three FLNGs
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.
In November 2025, Delfin secured an additional extension from the US Department of Energy to begin LNG exports.
DOE amended Delfin’s non-FTA export authorization to allow it to start commercial non-FTA exports of LNG by June 1, 2031.
As per supply deals, UAE-based International Resources Holding (IRH) signed a 20-year heads of agreement last year with Delfin and energy trader Vitol to buy 1 million tonnes per annum from Delfin’s planned floating LNG project in the US.
Under the agreement, Delfin Midstream’s Delfin LNG will supply LNG on a free-on-board (FOB) basis to Vitol, which will act as the offtaker and deliver the volumes to IRH Global Trading (IRHGT), IRH’s global trading arm.
In 2022, Delfin Midstream signed a long-term deal to supply 0.5 million tonnes per annum of LNG on a free on-board (FOB) basis for a 15-year period to a unit of energy trader Vitol.
In addition to the SPA, Vitol completed a strategic investment in the company.