Centrica Energy has marked the Final Investment Decision (FID) of Delfin’s first floating LNG project (FLNG 1) together with project investors, EPC partners and the project’s other foundation offtakers at an event in Washington DC. This milestone is an important step towards bringing new LNG supply to the market and reflects continued demand for flexible and reliable sources of LNG.
Centrica Energy is also announcing the first long term agreement to purchase LNG from Delfin’s planned second project (FLNG 2). Under the agreement, Centrica will offtake 0.25 million tonnes per annum of LNG on a Free on Board basis from FLNG 2. This builds on Centrica’s offtake commitment in FLNG 1 which was increased from 0.90 to 1.05 MTPA in May. As an existing foundation customer of FLNG 1, this expanded commitment supports the development of Delfin’s next phase and helps unlock additional supply capacity.
New LNG supply plays a critical role in strengthening energy security across Europe and beyond. Through long-term agreements and strategic partnerships, Centrica continues to build and diversify its LNG portfolio which enables optimisation across global markets, connecting supply and demand, managing risk, and ensuring reliable energy delivery to the UK and international customers.
About Centrica Energy
Centrica Energy is the energy trading and optimisation arm of Centrica plc, responsible for managing commodity risk and sourcing energy on behalf of Centrica Group’s energy supply activities.
Centrica Energy is a global energy trading company which helps move energy from source to use powering businesses, homes, and societies. Across 8 offices on three continents, and with 800+ passionate and highly skilled energy experts, they trade power, gas, liquified natural gas and green certificates, connecting energy producers, suppliers and offtakers in wholesale energy markets.
Centrica Energy is one of the largest renewable asset managers in Europe, with over 18.6 GW of capacity under contract, of which more than 85% is renewable assets.
About Delfin
Delfin Midstream is the leading developer of Floating LNG (FLNG) export infrastructure in North America. The company is building the first floating liquefaction facility in the US, located offshore Louisiana, which will become the largest FLNG project globally. The Delfin team has a long history in developing, constructing and operating floating LNG assets. Future expansions are expected to increase export capacity to 13.2 million tonnes per annum across three vessels at the site.
