Enbridge takes 5% stake in floating Delfin LNG project in US Gulf
By TINA DAVIS
Bloomberg
Fairwood Peninsula Energy Corp., a closely-held company led by former Marc Rich & Co. trader Frederick Jones, said Enbridge has taken a 5% equity interest and will assist in developing a gas export facility in the US Gulf of Mexico.
Enbridge will help with the proposed floating liquefied natural gas (LNG) project off the coast of Louisiana, Fairwood said in a statement Wednesday. The Canadian company will get one of seven board seats.
“As part of the development agreement, we will bring our expertise to the table regarding pipeline project management, pipeline operations and sourcing gas to facilities,” Dave Weathers, a vice president of development for Enbridge, said in the statement.
The Delfin LNG project includes a deepwater port that would moor vessels that chill gas supplies from the US for export by tanker.
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