Dec. 11 at 2:14 AM
$TGLO From Chen1992 via Gemini: Project Details: Louisiana Gulf, 4.4 million tonnes per annum (mtpa), operates 3 FLNG vessels, and has long-term SPAs. These facts perfectly match the unique design and commercial status of the Delfin LNG project.
Construction Order: The FLNG facility will be built in a domestic shipyard with an estimated order size of
$2.9 billion. This explicitly connects the financing to the Samsung Heavy Industries (SHI) contract (the LOA we discussed), turning the letter of intent into a guaranteed contract.
Financing Partners: Investment structure includes BlackRock Fund and domestic financial institutions. This confirms the project has secured capital from one of the world's largest asset managers, raising the project's profile and bankability.
In summary, this is a de facto announcement of Financial Close from the Korean side. FID is the formal announcement that follows this final funding commitment.