Delfin Midstream Inc. has landed another potential offtaker for its Gulf Coast LNG project with Devon Energy Corp., as the Permian Basin-weighted independent seeks international exposure for its Lower 48 natural gas.

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Devon could have up to 2 million metric tons/year of offtake capacity and an undisclosed future stake in Delfin under a tentative heads of agreement (HOA) signed Monday. At least 1 mmty of potential capacity could come from Delfin’s first floating liquefied natural gas (FLNG) terminal proposed for Louisiana’s coast under a long-term tolling agreement.

Delfin CEO Dudley Poston said the deal with Devon could be “a truly strategic partnership between a  U.S. producer and a liquefaction provider

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