Delfin Midstream Inc. announced that it has agreed to an extension of the Letter of Award with Samsung Heavy Industries previously announced in October. Over the past few weeks, the parties have diligently executed Early Engagement work to prepare for the execution of the Delfin LNG project, and with the last workstreams nearing completion, the parties now expect the Final Investment Decision in the next month. Concurrent with this extension, the Company has entered into a LOA with Black & Veatch for the execution of a Purchase Order with Siemens Energy Inc. This follows an agreement in July 2025 between Delfin and Siemens Energy to reserve manufacturing capacity for the SGT-750 Gas Turbine Mechanical Drive Packages.
During the fall of 2025, Delfin issued a Limited Notice to Proceed for initial execution work of these packages with Siemens Energy. Today's announcement marks the start of the manufacturing of this key equipment under contract with Black & Veatch, who will be the prime subcontractor to SHI for the execution of the topsides engineering and procurement scope as well as pre-commissioning and commissioning services. The Delfin LNG project will utilize Black & Veatch's patented PRICO liquefaction technology, which is optimized for efficiency and reliability in onshore, nearshore and floating applications.
In order to prepare for execution and secure the project schedule, additional equipment has been awarded and manufacturing slots have been reserved for key equipment in the hull and for the topsides.
