Kirkland Advises Delfin Midstream in Connection with its $5 Billion Final Investment Decision for First FLNG Vessel

Kirkland & Ellis advised Delfin LNG in connection with the development of the first floating liquefied natural gas (FLNG) vessel of the Delfin LNG project under development in Louisiana and offshore in the Gulf of America. Delfin FLNG 1 will be the first floating liquefaction facility in the United States and the largest FLNG project globally, with an expected export capacity of 4.4 million tonnes of LNG per year. Delfin Midstream Inc. today announced that it has taken a $5 billion Final Investment Decision (FID) for Delfin FLNG 1. Concurrent with the FID, a group of investors led by Global Infrastructure Partners, a part of BlackRock, including existing Delfin investors Mitsui O.S.K. Lines, Ltd., owner of the world's largest fleet of LNG carriers, Vitol, a leading energy and commodities trader, and Diameter Capital Partners, a leading alternative credit asset manager, have agreed to invest in the first phase of this critical energy infrastructure project.

Read Delfin's press release

The Kirkland team included project development and finance lawyers Chris Peponis, Carlos Diaz, Shawn Beloin, Jacob Kempf and Luis Cardenas; and energy regulatory lawyer Damien Lyster.