MOL Reaches Final Investment Decision on First US FLNG Project, the World's Largest
Key facts
- MOL Reaches Final Investment Decision on First US FLNG Project, the World's Largest
- MOL decided to invest $300M in the first US FLNG project, partnering with Delfin Midstream, GIP, and Vitol. The $5B project has a capacity of 4.4M tons/year, starting in 2030, marking MOL's first entry into FLNG.
- Source: PR Times
- Date: June 4, 2026
Direct answer
MOL decided to invest $300M in the first US FLNG project, partnering with Delfin Midstream, GIP, and Vitol. The $5B project has a capacity of 4.4M tons/year, starting in 2030, marking MOL's first entry into FLNG.
- Citation
- MOL Reaches Final Investment Decision on First US FLNG Project, the World's Largest (June 4, 2026), PR Times
- Source
- PR Times
- Date
- June 4, 2026
MOL decided to invest $300M in the first US FLNG project, partnering with Delfin Midstream, GIP, and Vitol. The $5B project has a capacity of 4.4M tons/year, starting in 2030, marking MOL's first entry into FLNG.
📋 Article Processing Timeline
- 📰 Published: June 4, 2026 at 19:47
- 🔍 Collected: June 4, 2026 at 11:05
- 🤖 AI Analyzed: June 6, 2026 at 23:25 (60h 19m after Collected)
Mitsui O.S.K. Lines (MOL) has reached a final investment decision to participate in the first offshore Floating Liquefied Natural Gas (FLNG) project in the US. Partnering with developer Delfin Midstream, Global Infrastructure Partners, and Vitol, MOL plans to invest approximately $300 million (about 23% of the total $1.4 billion investor commitment) in the $5 billion project. This marks the first time a Japanese shipping company has participated in an FLNG project. The facility, located 40 miles off the coast of Louisiana, will have an annual liquefaction capacity of 4.4 million tons and is expected to start production around 2030. Long-term sales contracts have already been secured with Centrica, Expand Energy, Vitol, and Gunvor, and a shipbuilding contract has been signed with Samsung Heavy Industries. MOL will support the project using its technical expertise in offshore floating facilities, ship-to-ship operations, and financing. This investment expands MOL's presence into the upstream LNG value chain, contributing to global energy supply diversification and decarbonization.
FAQ
What is the investment amount MOL committed to the Delfin Midstream FLNG project?
MOL committed an investment of $300 million to the Delfin Midstream FLNG project.
Which companies are partnering with MOL on the $5 billion Delfin FLNG project?
MOL is partnering with Delfin Midstream, GIP, and Vitol on the $5 billion FLNG project.
What is the annual capacity of the Delfin FLNG project by MOL and partners?
The Delfin FLNG project has an annual capacity of 4.4 million tons per year.
When is the Delfin FLNG project, supported by MOL, scheduled to start operations?
The Delfin FLNG project is scheduled to start operations in 2030.
Is the Delfin FLNG project MOL's first entry into floating liquefied natural gas?
Yes, the Delfin FLNG project marks MOL's first entry into the FLNG sector.