Core Insights - Delfin Midstream Inc. has entered into a Letter Of Award with Samsung Heavy Industries, designating SHI as the exclusive EPCI Contractor for the first FLNG Vessel of the Delfin LNG project [2] - The company is on track to make a Final Investment Decision (FID) for its leading US energy infrastructure project in November 2025, with plans for a second FLNG Vessel FID in early 2026 [4][5] - The Delfin project aims to produce up to 13.2 million tonnes of LNG annually and is positioned to be a significant economic contributor and job creator in the long term [6] Project Development - The LOA includes an Early Engagement scope of work to mobilize project teams and de-risk the project schedule [3] - Delfin has secured manufacturing capacity for the FLNG Vessel's gas turbines from Siemens Energy, and has made significant progress in debt and equity financing [4] - A Dock Reservation scheme has been agreed upon for the second FLNG Vessel, facilitating the early 2026 FID [5] Strategic Partnerships - The collaboration between Delfin and SHI is expected to strengthen partnerships for the second and third FLNG Vessels, including joint development of strategic business and trade opportunities [5] - The project is anticipated to enhance cooperation in trade, energy, and shipbuilding between the Republic of Korea and the USA [6] Company Overview - Delfin is a leader in LNG export infrastructure utilizing low-cost floating LNG technology and operates a brownfield deepwater port [7] - The company has acquired the UTOS pipeline, the largest natural gas pipeline in the Gulf of America, and has received necessary licenses for long-term LNG exports [7]