LOGA Weekly Drilling Report
Become a MemberCheck Out Our Online Videos

Subscribe Subscribe: News

July 21 (Reuters) - U.S. liquefied natural gas (LNG) developer Delfin LNG has asked federal regulators to extend the amount of time it has to put the onshore part of its proposed Gulf of Mexico floating LNG export project off Louisiana into service until September 2023.

The U.S. Federal Energy Regulatory Commission (FERC) said on Thursday that Delfin sought the extension on July 15.

Delfin is one of several North American LNG export projects that delayed decisions to start construction in recent years in part because coronavirus demand destruction made customers unwilling to sign long-term deals needed to finance the multibillion-dollar facilities.

There are currently eight companies hoping to make final investment decisions (FIDs) in 2022 to build their plants in the United States, Canada or Mexico. Many of those projects, like Delfin, have been delayed for years.

Read Full Article Here >>