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Monday, September 5, 2022

World's Fastest Growing Oil Company Enters LNG Partnership With Delfin Midstream -- September 6, 2022

Devon tracked here

Link here:

  • U.S. oil and gas producer Devon Energy has entered into a liquefied natural gas export partnership with LNG export infrastructure development company, Delfin Midstream. 
  • The partnership includes an agreement for long-term liquefaction capacity and a  strategic investment by Devon n Delfin. 
  • The agreeemnet provides Devon up to 2.0 million tons per annum of total liquefaction capacity on a long-term basis. 
  • Specifically, it lays down a framework for finalizing a definitive long-term tolling agreement representing 1 MTPA of liquefaction capacity in Delfin's first Floating LNG vessel, with the ability to add an additional 1 MTPA in Delfin's first or a future Floating LNG vessel. 
  • The agreement also provides opportunity for additional future equity investments in Delfin by Devon..

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