Delfin Midstream has signed a sale and purchase agreement (SPA) for the supply of one million tonnes per annum (MTPA) of liquefied natural gas (LNG) to Centrica. The agreement is related to the development of Delfin's floating LNG (FLNG) terminal project in Louisiana, United States.
The SPA follows a heads of agreement (HoA) established by the companies in August 2022. The new deal will be valid through a period of 15 years on a Free on Board (FOB) basis.
As a result, Centrica will take around 14 LNG cargoes per year to the UK from the year of 2027. Start-up of the FLNG terminal is expected in 2027.
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