What is the current status of Delfin LNG’s first US floating LNG export project, and what key milestone is imminent?

Delfin Midstream Inc. is close to greenlighting the first floating liquefied natural gas (LNG) export site in the US; financing for the estimated $4.3 billion project’s first phase could be finalized in the coming days, after which construction can begin off the coast of Louisiana using specialized floating vessels equipped with liquefaction equipment.

How does global LNG supply disruption—particularly from the Middle East war—affect the economic rationale for the Delfin LNG project?

Disruption from the war in the Middle East has shut in nearly one-fifth of the world’s LNG supply, pushing spot prices higher and making LNG more expensive for buyers in Asia and Europe—creating favorable market conditions that accelerate Delfin’s efforts to secure financing and export US natural gas surplus to global markets.

Delfin Is Close to Proceeding With First US Floating LNG Project

May 28, 2026

Delfin Midstream is finalizing financing for a $4.3 billion floating LNG export project off Louisiana. The facility aims to address global supply shortages with 13.2 million tons annual capacity.

bloomberg

2026-05-28

Delfin Is Close to Proceeding With First US Floating LNG Project

2026-06-03

Delfin Midstream Approves First U.S. Floating LNG Export Project

Delfin Is Close to Proceeding With First US Floating LNG Project

FAQ