Nov. 5 at 11:57 AM
Delfin -
$TGLO: What the 20-Year HOA Means – Plain English Breakdown
https://www.vitol.com/irh-delfin-lng-and-vitol-forge-20-year-lng-sale-and-purchase-agreement/
1. IRH secures 20-year U.S. LNG supply
Locks in low-cost, Henry Hub-priced gas to resell globally for two decades.
2. Delfin nears construction start
This deal plus Vitol’s 0.5 mtpa covers ~50% of first vessel; banks now more likely to fund
$5–10B project.
3. Vitol expands its grip
Already owns equity and 0.5 mtpa; adding IRH builds a stronger trading network.
4. U.S. gains 9–12 mtpa new LNG
Floating vessels launch 2026–2027; faster, lower-emission than land plants; aids Europe’s shift from Russian gas.
5. Global energy gets a boost
Long-term deal = stable prices, U.S. jobs, reliable fuel for allies.
Bottom line: Today’s agreement paves way for LNG ships tomorrow, driving billions in trade and energy security.
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