Sep. 25 at 4:33 PM
$TGLO y Ruth Liao and Priscila Azevedo Rocha
September 25, 2025 at 7:53 AM PDT
Delfin Midstream Inc., the closely held developer of a liquefied natural gas export terminal off the coast of Louisiana, is getting closer to lining up the financing it needs to move forward with the project, according to people familiar with the matter.
A final investment decision on the first phase of the project is expected by November, a few months behind the original schedule, said the people, who asked not to be identified because the financing talks are private. The terminal is expected to cost about
$4.3 billion, the people said. Citigroup Inc. and Moelis & Co. are working with the closely held US company on the financing, which is expected to come from a mix of debt and equity, Bloomberg News previously reported.