Rhodan
2 시간 전
WISON will not be building anything for Delfin—translation from PDF.
Shipbuilding (Overweight)
January 15, 2025
South Korea Dominates FLNG, While the U.S. Crushes China's Competitor
Issue Comment
China’s Only FLNG Shipyard, WISON, Added to U.S. Sanctions List
On January 10, the U.S. Treasury Department’s Office of Foreign Assets Control (OFAC) announced that the Chinese shipyard WISON had been added to the U.S. sanctions list related to Russia. The reason cited was WISON’s involvement in manufacturing and supplying power modules for Russia’s Arctic LNG2 project. The U.S. also noted that WISON attempted to conceal this by engaging in ship-to-ship cargo transfers and routing through multiple Chinese ports. This action was classified as material and technological support for Russia’s energy sector under an executive order, leading to WISON being sanctioned.
As a result, WISON’s assets in the U.S. will be frozen, and transactions with American companies and individuals are prohibited. Additionally, WISON is banned from using the U.S. financial system for transactions. Companies from third countries that engage with WISON risk facing the same sanctions, effectively rendering WISON incapable of conducting global business. Given the experiences of other companies sanctioned for ties to Russia and Iran, WISON’s future in the global FLNG and shipbuilding markets looks bleak.
dave79
2 시간 전
Dallas - Contracts certainly are not the issue. Per their March 1st, 2024 request for extension (See below). The contracts they have signed (that we are aware of to date, total $19Billion!!) Who knows what else they have signed, and not announced, in the past year (thanks to the prior terrible administration).
All they need is their license to be approved (forthcoming very quickly) then we are off to the races!!
Delfin has a modular project consisting of four separate FLNGVs, each of which may
move forward individually independent of the others, with the result that long-term LNG off-take
contracts for only 2.5 to 3.0 metric tonnes per annum (“MTPA”) are needed to support FID for
the first FLNGV and the Delfin Deepwater Port, which will be constructed at an estimated cost
of over $2.5 billion. Delfin has ample commercial contracts for that purpose, having secured
long-term contracts with five LNG off-takers for a total of 3.3 MTPA (some of which may not be
sourced from Delfin’s first FLNGV), with additional volumes in advanced commercial
negotiations that will result in financial underpinnings for the second FLNGV as well.
The executed contracts represent a long-term revenue stream of almost $19 billion that
will underpin the Delfin Deepwater Port and the first FLNGV. Thus, Delfin has the needed
financial support to reach FID and proceed with its first FLNGV, as well as contracted customers
counting on its LNG supply. Notably, Delfin’s largest single customer, with a commitment to
purchase 1.0 MTPA of LNG for a 15-year term, is Centrica LNG Company Limited
(“Centrica”), whose parent company is the largest energy supplier in the United Kingdom
(“U.K.”) and the owner of British Gas, Scottish Gas, and Bord Gáis. Centrica needs the LNG it
has contracted to purchase from Delfin for the U.K.’s energy security and as a transition fuel as
the country’s moves toward net zero greenhouse Gas (“GHG”) emissions.
And to further comment from the same report: Both issues are being taken care of as we speak, thanks to the current administration.
Before Delfin may absolutely commit to unconditional construction under the EPCI
Agreement, finalize its financing arrangements, and reach FID on its first FLNGV, however, it
needs to solidify the status of its long-standing regulatory approvals. Delfin has acquired and
maintained the regulatory authorizations needed for its project, but two key final steps remain.
First, Delfin needs MARAD to issue its final license under the DWPA. As detailed below,
Delfin has been working with MARAD to that end for over two years7 and expected to receive
the license in 2023; it still expects to receive the final DWPA license soon and will notify
DOE/FECM of the issuance when it occurs. Second, Delfin needs DOE/FECM to grant the
conditional extension of time for commencement of LNG exports requested here.
dinogreeves
17 시간 전
Kazzy this is great news and thanks for sharing, either this week, next week or two weeks after that, we have waited this long, 3 years for me now, the hard part is done, now we wait for the permits, contracts, then FID and albeit the hardest part of all these years of waiting and waiting is the merger.
Yahoo finance TGLO CEO is Frederick Jones, now all we need in the mix before the actual fid is OTC Market linking Jones.
kazzy
1 일 전
Podcast: Fueling the Future: LNG, Energy Policy, and Global Impact with Steve Reese.
https://theenergynewsbeat.substack.com/p/fueling-the-future-lng-energy-policy
Steve's credentials: https://www.linkedin.com/in/steve-reese-185a86/
Delfin mention:
Steve Reese [00:07:13] You know, the gas business, this is my 44th year. The one thing I have learned is price isn't always necessarily the top component of the mix delivery, quality and security of supply. A lot of times, no pun intended, trumps even price.
Stuart Turley [00:07:32] I'll take the pun.
Steve Reese [00:07:33] Because of what's happened, you know, in the past. So we're excited about that. And yes, we we've had discussions with Toby Rice. We may be moving some of his gas under those contracts. Nine have had two discussions with Harold here and discussions with expand to former Chesapeake and Southwestern. So we're going to try to have the heavy hitters on this side and also direct to all the end users over there. Really, due to my partner's relationships in Western Europe.
Stuart Turley [00:08:06] This is an a phenomenal update. Steve This is fantastic. It really does.
Steve Reese [00:08:13] We're really excited. And, you know, of course my team will be involved on on the supply side over here and we're working already with, with, with Tony's guys on, on moving some of his gas into our first contracts. And we're hoping to be up and running and actually moving molecules by 2027. As you can imagine, these are long deals and we're we're involved. We were going to usurp Biden regardless in that we're going to use floating LNG liquefaction facilities of relevance. And so we're involved with Delfin in one of the boats being built in South Korea right now. So we're really excited on on that front. And I think regardless of who's in office over here, we're seeing the Europeans say we want to secure, you know, robust natural gas supply for our power because it's almost devastated the German economy.
Stuart Turley [00:09:09] You know, the floating liquefaction and gasification facilities are amazing. Yeah. And and and what this kind of discussion needs to get to Chris Wright and President Trump because like we were talking about Hawaii, why is Hawaii are heaven on earth using 60% of their electrical generation is from fuel oil, which is the worst kind of, you know, pollutant out? It's worse than coal. I wouldn't it makes sense. Like Vietnam just dropped in a big ass vacation to electrical plant. I mean, it's straight from LNG to the plant and it off it goes.
dinogreeves
3 일 전
Who knows who it is and how much if they have any left, maybe skimmed their position. All I know, this is definitely not the time to bid whack, I have no issue selling on the way up, but bid whacking 25,000 shares, this merger is more and more a possibility with this new admin in place, essentially leaving 250,000 dollars on the table for about 8,000 dollars, not a smart move. Starting next week, the only place I want to be in is TGLO, market is going to be dump frenzy all next week because of the tariffs.
senor_c
4 일 전
It's a good article by Mr. Dick. The following article (or the referenced study) that just popped up for me when reading LNG news should give MARAD and others more confidence (not that it matters at this point). The study, commissioned by the former administration (which I've yet to read), might help with any legal or other pushback, and given the findings, the green light for LNG and Delfin just got a little brighter for me. It's all about conviction....
The overall conclusion, therefore, seems to be that while the production and transportation of liquefied natural gas does generate emissions of methane and carbon dioxide, there are offsetting effects that bring down the net effect of these emissions to a negligible fraction of a percentage—even if U.S. LNG exports really boom, expanding fivefold between now and 2050. That should be good news for producers, but there is even better news for energy consumers. The Department of Energy also concluded in its assessment that even a major increase in LNG exports would not move domestic gas prices too much.
https://oilprice.com/Energy/Natural-Gas/The-DoEs-LNG-Export-Study-Is-In-And-The-Results-Are-Shocking.html
kazzy
5 일 전
"I see three immediate tasks where I will focus my attention if I get the privilege of being confirmed. The first is to unleash American energy at home and abroad to restore our energy dominance," Wright said. "Second, we must lead the world in innovation and technology breakthroughs."
"Third, we must build things in America again and remove barriers to progress," he added. "Federal policies today make it too easy to stop projects and very hard, hard to start and complete projects."
The shift is being celebrated by Republicans, including Senate Energy and Natural Resources Committee Chairman Mike Lee, R-Utah, who said during the hearing that Wright's nomination "really couldn't be coming at a more urgent time," heavily criticizing the Biden administration's energy policies.
"On his very first day in office, President Biden halted new oil and natural gas leases on public lands and waters, effectively cutting off access to resources that could have powered our economy and benefited the lives of ordinary Americans," Lee added. "Over the past four years, the same administration has dismantled domestic energy production, canceled leases and weaponized regulations to discourage investment in pipelines and critical energy infrastructure."
https://www.aol.com/wright-wants-increase-domestic-energy-224218257.html
Hot Features
프리미엄
무료로 등록하여 실시간 주식 시세, 대화형 차트, 실시간 옵션 플로우 등을 받아보세요.
JAB65
5 시간 전
bigbux1
17 시간 전
wiwineguy
5 일 전
