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CEO Dudley Poston and COO Wouter Pastoor have managed Delfin Midstream since 2018. The company is developing a first-of-its-kind floating liquefied natural gas (FLNG) export project off the coast of Cameron Parish, LA. Similar to onshore facilities, FLNG vessels liquefy natural gas, store it on board and load carriers for export.
Poston and Pastoor previously served in executive roles at Golar LNG Ltd., which also specializes in FLNG technology. Poston has a bachelor’s degree in government from the University of Texas at Austin, a masters degree in economics from The State University of New York, and master’s degree in finance from Texas A&M University. Pastoor has a doctorate and master’s degree in naval architecture and ship hydromechanics from the Delft University of Technology in the Netherlands.
NGI: Can you provide a brief overview of the Delfin and Avocet FLNG projects?
Pastoor: The Delfin project is our anchor project. All the permitting work has been completed. The project consists of onshore facilities, an offshore pipeline that connects to those facilities to move gas to up to four FLNG vessels with a total export capacity of 13 million metric tons/ year (mmty).
The company also acquired additional pipelines nearby connecting to our other existing assets and that will allow us to develop the Avocet project, which is still in the planning stages. We haven’t started the permitting process for Avocet yet. Avocet would also have an onshore facility connected to the offshore pipeline to move gas to more FLNG vessels.
NGI: Is the Delfin project still on track to make a final investment decision (FID) on its first FLNG vessel this year?
Poston: We will be able to make FID by the end of this year. With Covid-19, that could slip into next year, but that has been our schedule.
NGI: What about the timeline for the other three Delfin FLNG vessels, do you have any idea when you might sanction those?
Poston: It will be dependent on the market. We could make FID on all of those very close together. We could also in theory build in different shipyards at the same time or build several of them in the same shipyard, but it depends on the speed at which commercial arrangements develop. We’re really focused on getting the first vessel online, and then we’ll focus on the second, third and fourth vessels.
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