Japanese shipowning giant Mitsui OSK Lines (MOL) is bolstering its position in the floating LNG sector, buying into America’s Delfin Midstream. As part of the agreement, MOL will make an unspecified investment in Delfin and a MOL representative will join Delfin’s board.
“We are excited to enter into this strategic agreement with MOL, representing another industry leading partnership. Our low-cost, simplified floating liquefaction solution will be significantly enhanced by MOL’s extensive marine expertise, creating a world-class partnership with significant benefits for both Delfin and MOL,” said Dudley Poston, CEO of Delfin.
Proceeds from MOL’s investment will be used to accelerate making final investment decisions on Delfin’s first two FLNG vessels this year.
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