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Delfin Midstream and Devon Energy Enter into LNG Export Partnership

Retrieved on: 
Monday, September 5, 2022
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HOUSTON, Sept. 05, 2022 (GLOBE NEWSWIRE) -- Delfin Midstream Inc. (Delfin) and Devon Energy Corporation (NYSE: DVN) (together with certain of its operating subsidiaries, collectively, Devon) today announced that they have entered into a liquefied natural gas (LNG) export partnership that includes an executed Heads of Agreement (HOA) for long-term liquefaction capacity and a pre-Financial Investment Decision (FID) strategic investment by Devon in Delfin.

Key Points: 
  • HOUSTON, Sept. 05, 2022 (GLOBE NEWSWIRE) -- Delfin Midstream Inc. (Delfin) and Devon Energy Corporation (NYSE: DVN) (together with certain of its operating subsidiaries, collectively, Devon) today announced that they have entered into a liquefied natural gas (LNG) export partnership that includes an executed Heads of Agreement (HOA) for long-term liquefaction capacity and a pre-Financial Investment Decision (FID) strategic investment by Devon in Delfin.
  • We are delighted to execute this agreement with Devon, representing a truly strategic partnership between a U.S. producer and a liquefaction provider, said Dudley Poston, Delfin CEO.
  • Delfin is a leading LNG export infrastructure development company utilizing low-cost Floating LNG technology solutions.
  • Delfin is the parent company of Delfin LNG LLC (Delfin LNG) and Avocet LNG LLC.

Delfin Midstream Signs LNG Sale and Purchase Agreement With Vitol Inc.

Retrieved on: 
Wednesday, July 13, 2022
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HOUSTON, July 13, 2022 (GLOBE NEWSWIRE) -- Delfin Midstream Inc. (“Delfin”) has finalized a binding liquified natural gas (“LNG”) sale and purchase agreement (“SPA”) with Vitol Inc. (“VIC”), the Americas-based affiliate of Vitol, which is the world’s largest independent trader of energy. In addition to the SPA, Vitol has finalized a strategic investment in the company.

Key Points: 
  • HOUSTON, July 13, 2022 (GLOBE NEWSWIRE) -- Delfin Midstream Inc. (Delfin) has finalized a binding liquified natural gas (LNG) sale and purchase agreement (SPA) with Vitol Inc. (VIC), the Americas-based affiliate of Vitol, which is the worlds largest independent trader of energy.
  • Pablo Galante Escobar, Global Head of LNG and European Gas & Power at Vitol, said: We are delighted to conclude this agreement with Delfin.
  • Delfin Midstream Inc. (Delfin) is a leading LNG export infrastructure development company utilizing low-cost Floating LNG technology solutions.
  • Delfin is the parent company of the Delfin LNG LLC (Delfin LNG) and Avocet LNG LLC.