Delfin Midstream Inc. on Monday announced another binding agreement to sell LNG to an affiliate of commodity trader Hartree Partners LP and said it expects to sanction its floating offshore production facility in the Gulf of Mexico (GOM) by the middle of the year.

Delfin

Under the sales and purchase agreement (SPA), Delfin would sell 0.6 million metric tons/year of liquefied natural gas to Hartree on a free-on-board basis for a 20-year period. Hartree would pay prices indexed to Henry Hub. 

The Delfin floating LNG (FLNG) project would consist of four vessels offshore Louisiana with a nameplate capacity of 3.5 mmty each. The company signed another binding agreement with commodity trader Vitol Inc. last year to supply 0.5 mmty. It also has up to 3 mmty committed in tentative deals with...