MOL to Invest in the First Offshore LNG Liquefaction Facility in the United States
Japan, June 9 -- Mitsui O.S.K. Lines, Ltd. (MOL), together with Delfin Midstream, Inc., a group of investors led by Global Infrastructure Partners (GIP), a part of BlackRock, and Vitol has reached a Final Investment Decision (FID) and formally decided to participate as an investor in an offshore floating liquefied natural gas ("FLNG") project. Delfin FLNG 1 will be the first floating liquefaction facility in the United States and the largest FLNG project globally. This world-class FLNG project will have an annual LNG nameplate production capacity of 4.4 million tons and is expected to begin first production in 2030. The total project cost is approximately USD 5 billion, and the total equity contribution by investors is approximately USD 1.4...
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