FEED done for Delfin FLNG newbuild
12 Oct 2020 - Upstream Costs and Technology | Headline Analysis
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Kelvin SamKelvin SamPrincipal Research Analyst

Delfin Midstream (Delfin) said FEED for a 3.5MMtpa newbuild has been completed in cooperation with Samsung Heavy Industries (SHI) and Black & Veatch.

Based on the FEED results, Delfin said it can achieve total capital cost of USD550 per MMtpa. Delfin said the completion of FEED has confirmed its ability to offer pricing of 115% of Henry Hub plus USD2.00/MMBtu for 20 year deals or 10 year deals for 115% of Henry Hub plus USD2.40/MMBtu.

The Delfin Newbuild FLNG Vessel design uses optimizations of the Black & Veatch’s patented PRICO® liquefaction technology, direct air cooling and waste-heat recovery to achieve maximum fuel efficiency and minimal (GHG) emissions.

Each vessel will be equipped with two offloading facilities to service LNG carriers as well as LNG bunkering and small-scale carriers. With four FLNG vessels planned, the project will ultimately have 4 berths for 13 MTPA. Each FLNG Vessel can be developed independently, with its own commercial and financial structure with an FID threshold of 2.0 to 2.5 MTPA firm offtake.

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