Singapore-based LNG company Delta Offshore Energy is to open an office in Houston, Texas.
This office will be operational as Delta Offshore moves forward with plans to build an offshore LNG import terminal to feed a planned power plant in Vietnam.
According to local media, the company plans to have 20 employees in Houston by the end of next year, of which most will supervise contractors and construction activities for the Vietnamese project.
Once the terminal’s construction nears completion, the office will switch to LNG trading.
Houston-based oil-field services company, McDermott International is expected to build the offshore terminal and underwater pipeline for the project.
Delta had initially planned to buy LNG for Vietnam from the proposed Magnolia LNG export terminal in Louisiana, however, a memorandum of understanding between the two companies expired in May.
Magnolia’s parent company, LNG Limited, went through bankruptcy proceedings in Australia and in June sold the project to the New York conglomerate, Glenfarne Group.
