Enbridge buys stake in Fairwood LNG

Houston-based Fairwood Peninsula Energy (Fairwood LNG) said that Enbridge has purchased a five percent stake in the midstream LNG company.

Enbridge has also entered into a joint development agreement with Fairwood LNG to assist in the development of offshore LNG facilities in the Gulf of Mexico, the company said in a statement on Wednesday.

Fairwood LNG is the owner of Delfin LNG, which is developing the first floating liquefaction project in the United States to be located in the Gulf of Mexico.

As part of the development agreement, Enbridge will bring its expertise to the table regarding pipeline project management, pipeline operations and sourcing gas to facilities, according to the  statement.

As a result of the equity position, Enbridge will hold one of the seven board of director seats.

 

Image: Delfin LNG

Share this article

Follow LNG World News

Events>

<< Aug 2019 >>
MTWTFSS
29 30 31 1 2 3 4
5 6 7 8 9 10 11
12 13 14 15 16 17 18
19 20 21 22 23 24 25
26 27 28 29 30 31 1

LNGgc London

LNGgc is a fantastic way of raising attendees’ company profile within this market and creating greater awareness of their brand…

read more >

LNG Pricing, Trading & Hedging Singapore

LNG Pricing, Trading & Hedging training program has been completed by hundreds of leading traders, analysts, risk managers…

read more >

LNG Pricing, Trading & Hedging Houston

LNG Pricing, Trading & Hedging training program has been completed by hundreds of leading traders, analysts, risk managers…

read more >

World Gas Series: Morocco Summit

Bringing together key players in the gas value chain in Morocco, the World Gas Series:

read more >