TheGlobe com Inc (PK) (TGLO) News

Gone with the wind, in with the gas.

Trump ‘s order on “Unleashing American Energy” sets up a path for approval for any deepwater port LNG export project “for which a favorable record of decision (ROD) has previously been issued.”

Only one project matches that description: Delfin LNG.

Delfin’s having trouble with a branch of the Transportation Department called the Maritime Administration, or MARAD. Last year, the agency rejected Delfin’s request for a license to build and operate an LNG export facility off the coast of Louisiana.

MARAD had once recommended approval. But that was more than six years ago, and the agency said the facility’s design, financing and operational plans had changed too dramatically in the years since.

The decision didn’t ripple the water much in Washington last April. But Delfin’s federal lobbying nearly doubled last year. And word did reach the ears of Sen. Ted Cruz (R-Texas).

Last week, Cruz brought up the Delfin project at Sean Duffy’s confirmation hearing for Transportation secretary — and urged him to get the project unstuck.

Four days later, Trump’s order directed MARAD to issue Delfin a license if it finds the project has essentially the same foreseeable environmental effects as projected in 2017. In other words, don’t look at things like design and financing.

To some, that looks like picking a winner.

“This is the corporate favor-trading that characterized the first Trump administration and will characterize the second Trump administration,” said Alan Zibel, a research director at Public Citizen. The “Day One handout by the Trump administration is likely the first of many forthcoming giveaways” to gas exporters.

It’s still not clear how the Delfin language found its way into the EO. Trump (or his press shop) isn’t talking. And neither are Cruz and Delfin.

Source:

https://www.politico.com/newsletters/power-switch/2025/01/23/gone-with-the-wind-in-with-the-gas-00200202

Hi Kazzy - Can you please repost this entire post? I'd like to "sticky" post this post, but the system requires that it's less than 48 hours old. I'd like you to get credit for the sticky post, so when you have a chance, please report this exact post. Thank you!

God I can't stand the Eagles!

PPS action this week? Volume? Hold .30s? Best guesses?

My sincere apologies, if I misunderstood you. We got this, Permits in February, contracts for all the ships hopefully by end of March, FID in April and May merger, the beauty will be Frederick Jones to get hitched on OTCM somewhere in between, the sooner the better. God Bless and good luck to all.

I have been very guilty of attacking people in the past.   Not any more.  I should thank NOLA too, and I don't think she meant to hurt Dino's feelings.
I think he forgave me for my bad posts too a couple years ago. 
Any way,  enough of this mush, let's all enjoy some football today.
Best to everyone here,  and happy new year. 

I don't talk politics anymore.
I don't like to get people mad or hurt their feelings.  Thanks again JAB.  AND Sorry Dino.

It's been a long time since anyone called me the greatest of all time (goat) at least in my mind anyway 😆

The super bowl will help but voting, the right that my father and many others have fought and died for, will do far more for your city and many others than any economic stimulus.

I got banned for several months for getting in the political weeds but suffice to say, if we can't get our proverbial s_it together over the next 4 years and hopefully more, God help us all!
$TGLO

thanks for the kind words, JAB
Things haven't been the same since Katrina.
Superbowl after it was a great gesture by the NFL. It really helped, and things were getting better,but a crooked city administration erased that. We really need this Superbowl again. It can help us move forward again. When TGLO hits, hopefully things are better down here for our Bourbon bash. I'm looking forward to meeting some of you old goat TGLOers! God bless all of you.

sorry Dino, no disrespect intended.

Lost in translation judging by the reply! 😂

You think? I am not here to read minds Lex, I am here for the inevitable merger news like all of you on this board. I am not here to make her feel insecure or secure either way, It's not about being captain obvious, we are all making opinions and assumptions based on what is out there in plain sight to see with some common sense.

I believe she was just trying to compliment you 🙄

You are telling me that I am an Insecure soul? No, you are an insecure soul and the obvious is just 👇🏿

https://investorshub.advfn.com/secure/post_reply.aspx?message_id=175715935&private=Yes

Two votes anticipated on Monday at 5:30 p.m.:

1)Confirmation of Bessent for Secretary of @USTreasury

2)Cloture on nomination of Sean Duffy to be Secretary of @USDOT

If invoked, a confirmation vote on Duffy would occur on Tuesday at 12:00 noon.

Source: https://x.com/SenatePress/status/1883003555902361753

And that's a good thing!
It's been a tough go for you guys in NOLA recently. Thoughts and prayers and to future happier times celebrating.

thanks Dino, I know many out here feel you are Captain Obvious, and just a loquacious insecure soul, but the rest of us appreciate your contributions. go TGLO.

Getting excited again

thanks Chen.

Do you know what would make the World of difference in share price? Your efforts should be directed to Delfin and TGLO, to something as simple as listing Frederick Jones as the CEO of TGLO, not Egan, change the address to Delfin's address, Delfin's website on the OTC Markets and "Business Description". Those things happens that will mean 90% chance merger is a done deal, just needs official "Super 8K". It is simple for them to change those cause they have access code to get in OTC Markets to update the share structure twice a week. I am hopeful that we will see those changes in March when the filings are due. So, either they are still contemplating or they were or are not ready and when ready they will update the OTC Market, or maybe greed. Regardless of opinion and what I think this will play out, Delfin needs to push this through while the iron is hot, the market is hot, the sector is hot and the publicity on Delfin is through the roof. Delfin does the merger with TGLO and with enough notoriety and media coverage it is getting and if Trump gets in the mix, we will see 5-6 billion within days and with fomo 8-10 billion really fast. Delfin and TGLO will do a lot better and faster than Tellurian did, Tellurian didn't have as much media coverage or backers from Senators. It's now or never.

Looks great Mr Chen!  Thank you

Yes all those groups are against common sense and the greater good for America. The whole article has a negative bias, I along with everyone see them getting these permits timely. I fear the lack of contracts will keep us from FID hopefully they start pouring in along with the permits 

“It appears Delfin LNG’s ownership was unprepared and inexperienced in developing such a complex project,”

Consider the source of that statement. In my opinion it's nothing more than political claptrap. Public Citizen is a leftwing political lobbying group supporting ultra-liberal policies. They oppose all forms of fossil fuel energy. That statement in their filing is just made-up fluff meant to bolster their position. Here is a brief bio of Public Citizen. https://www.influencewatch.org/non-profit/public-citizen/

Let's hope the last part of that article is not true.

Public Citizen, in regulatory filing last year, said the delays were Delfin’s own fault.“It appears Delfin LNG’s ownership was unprepared and inexperienced in developing such a complex project,” the consumer advocacy group 

Nice Chen and thanks.
Good to know that there is still hope for some of the younger generations....

Now go enjoy some peyote washed down with your favorite sipping tequila. It will make the next 30 days seem like a dream!
$TGLO

Thanks, Dino. I've been distracted but no more.

Went ahead and updated the intro! Let me know what you guys think, in addition senor_c or dino! Can you do me a favor and add more images to the intro board to make it more aesthetically pleasing. I´m having trouble adding images to the board

The Senate Energy and Natural Resources Committee voted Thursday to advance President Donald Trump’s nominees to lead the Interior and Energy Departments — with both nominees receiving bipartisan support.
The votes tee up the nominations to reach the full Senate, which could vote on them by the end of this month.

Beautiful Saturday morning yet again Kazzy, awesome looking common sense. This is heading for a common sense approach. Thanks.

A big shoutout to senor_c for reinstating our previous intro board! Thanks a million! I’ll just tweak the 10-Q’s and update with all the news we’ve gotten recently!

JAB is right, these are big times coming our way, no slacking off, i’m paying 10 pesos at the internet café to get this done!

Hadn't had my cup of coffee when I read your headline and I paused thinking what the hell. Quite correct, positive environmental changes!

Chen (and Senor C who says he might have a copy of some of the prior work) needs to get the site's information back up ASAP.

I would check with Shelly first to see if the site can't recapture the original data.

No 32 hour work week! Vacation is no excuse. Overtime is mandatory this weekend 👍😆
$TGLO

Imo next week delfin / tglo will have news stay tuned ;)

There was a change to the project's environmental impact:

Delfin Midstream CEO Dudley Poston defended the project in an email exchange last year with Energy Intelligence, saying “These refinements increased efficiency, lowered emissions, significantly reduced water consumption and resulted in a smaller environmental footprint.”

This isn't going to take 60-days.

https://www.eenews.net/articles/trump-order-boosts-lng-project-off-louisiana/

ALSO DINO folks should tie it to the NEW IPO stampede coming in the LNG community : if you do email the reporter TIE it to a NEW situated story : + LNG + Tellurian of how they did the OTC reverse merger too ---- here is a new story you can tie it too https://www.reuters.com/business/energy/lng-exporter-venture-global-seeks-up-110-bln-valuation-us-ipo-2025-01-13/ and maybe mention how TELLURIAN did the same thing a few years back OTC/merger What happened?
In 2016, Tellurian Investments, a private company, agreed to acquire Magellan Petroleum, a public company.
On February 10, 2017, the merger was completed.
Magellan changed its name to Tellurian Inc. and began trading on the Nasdaq under the symbol TEL https://goentergy.com/former-cheniere-ceo-takes-new-lng-company-public-merger/

if you do email the reporter TIE it to a NEW situated story : + LNG + Tellurian of how they did the OTC reverse merger too ---- here is a new story you can tie it too https://www.reuters.com/business/energy/lng-exporter-venture-global-seeks-up-110-bln-valuation-us-ipo-2025-01-13/

Pete Hegseth just confirmed Duffy is now 3rd in line 

Thanks Dewmoore, a few on this board will yell and scream with all the emails to other reporters in the sector, but know one thing, once the merger is announced it will be stampede of buying. I think it is premature to email them for now, until it is official, but it doesn't hurt to tell them to watch TGLO. Remember this quote "Less is more"

Welcome back Señor c.

Here is the reporters email it never hurts to let him know :) Jacob Dick
Jacob Dick joined the NGI staff in January 2022 and was promoted to Senior Editor, LNG in February 2024. He previously covered business with a focus on oil and gas in Southeast Texas for the Beaumont Enterprise, a Hearst newspaper. Jacob is a native of Kentucky and holds a bachelor’s degree in journalism from Western Kentucky University.

jd_journalism
jacob.dick@naturalgasintel.com

$TGLO **MARCH 11**** (60 days from 1-20-05) ---
Among Trump’s set of EOs, the MARAD administrator was directed to make a decision on whether revisions to a project would change its environmental impact within 30 days, starting on Jan. 20. A license is to be issued within another 30 days if the agency finds a supplemental environmental assessment is not required to study the changes. https://www.naturalgasintel.com/news/trump-executive-orders-poised-to-jumpstart-delfin-lng-permitting-future-offshore-export-projects/

$TGLO did anyone see this shit! $100B LNG IPO coming? we will see you soon venture!!!!
Venture Global launches 2025's first blockbuster US IPO
LNG exporter seeks as much as $2.3 bln in IPO
Set to be one of the biggest US energy listings ever
Venture Global has vaulted into the top ranks of LNG exporters https://www.reuters.com/business/energy/lng-exporter-venture-global-seeks-up-110-bln-valuation-us-ipo-2025-01-13/

Same

I’ll take the under

Thanks, Brapp. Some may recall I was very focused on other energy stocks, focusing on the nuclear AI craze. I still think LNG is going to play a role (already is) with the significant AI energy needs. I'm looking forward to how things will evolve here.

Among Trump’s set of EOs, the MARAD administrator was directed to make a decision on whether revisions to a project would change its environmental impact within 30 days, starting on Jan. 20. A license is to be issued within another 30 days if the agency finds a supplemental environmental assessment is not required to study the changes.

so 60 days max from Jan 20th to license if not much sooner !

Nice to see you again senor!
I didn't realize so much time had passed since you'd gone. Delfin and TGLO hit the snooze button for a few months there

Ha - the operative word being "totally." I've been holding all along (even adding), and it's good to see the crew keeping up with the potential here. I'm looking forward to the next 6-12 months of news.

I'm not sure about the Intro. I was a moderator a couple years back and created a good amount of what was there, but Chen has done a good job keeping up with the task. I might join the mods to help with that aspect if needed. I might even have the content saved somewhere. Yes, Delfin is front and center again, and we need to look organized for all the new eyes with big pockets! ;)

Good to see you back! Glad November 5th didn't drive you totally underground!

Yeah, where the hell did all the DD go? Did it disappear because we had no moderator? Did I just not see it somewhere? People have a hard enough time linking Delfin with TGLO as it is. My god there was a ton of stuff there before.

The news is popping in all the major LNG journals. Delfin is front and center!

While Delfin is currently the most commercially advanced offshore export project awaiting export approval,
$TGLO

https://www.naturalgasintel.com/news/trump-executive-orders-poised-to-jumpstart-delfin-lng-permitting-future-offshore-export-projects/


The Trump administration has directed the federal agency responsible for reviewing offshore LNG export projects to accelerate permitting and revisit decisions made during the Biden administration, potentially putting wind back in the sails of Delfin LNG LLC and other proposed projects.

As a part of President Trump’s “Unleashing American Energy” agenda released Monday, the administration trimmed Biden-era policies and set a new direction for the U.S. Department of Energy with several LNG-focused executive orders (EO). Some of those orders, like ending the pause on non-free trade agreement (NFTA) permits, are expected to have an immediate impact on development, while others may be a first step.

However, one specific section pertaining to the U.S. Maritime Administration (MARAD), shows administration officials are paying particular attention to its tools for authorizing LNG projects without incurring legal challenges, LNG Allies CEO Fred Hutchison told NGI.

“Unlike with FERC, where the president’s entire ability to influence the Commission is through who they nominate to fill vacancies, MARAD is a part of the Department of Transportation with a direct line to the White House,” Hutchison said.

Sidelines And Finish Lines

For more than a decade, Delfin LNG has proposed building an offshore deepwater port about 50 miles south of the Louisiana coast that would connect four floating LNG (FLNG) units to existing onshore pipeline infrastructure. The project is designed to produce and export more than 13 million tons/year (Mt/y) using modular liquefaction technology.

If constructed, Delfin would be the first offshore LNG export facility operating in the United States. The project received approval from MARAD in 2017, the same year DOE granted authorization for exports to non-free trade agreement (NFTA) countries.

Last April, almost seven years after MARAD granted Delfin a record of decision, the agency told the company it could not issue a license because of “widespread changes” in the design, financing and operation of the facility compared to its original proposal.

MARAD requested updated information on the project to restart consideration of Delfin's license just as the firm’s NFTA permit was set to expire in June. DOE moved to pause expiration of the permit while the company worked with MARAD to update its license application.

Now, as former Wisconsin Rep. Sean Duffy awaits a full Senate confirmation as transportation secretary, the Trump administration has already laid plans to accelerate permitting for projects like Delfin.

Among Trump’s set of EOs, the MARAD administrator was directed to make a decision on whether revisions to a project would change its environmental impact within 30 days, starting on Jan. 20. A license is to be issued within another 30 days if the agency finds a supplemental environmental assessment is not required to study the changes.

Texas Sen. Ted Cruz specifically mentioned the Delfin LNG project while questioning Duffy during a recent Senate Commerce Committee hearing. In his statement, Cruz accused the Biden administration of “thoughtlessly and needlessly” sidelining the project and “slow walking” the permitting process.

“I would also ask you in particular to expedite review of the Delfin’s reapplication…the way they have been treated just hasn’t been right,” Cruz said.

Last March, Delfin told DOE it had secured offtake of up to 5.6 Mt/y under tentative or binding supply contracts, allowing it to reach a final investment decision on at least one of its FLNG units by the middle of the year.

Project Potential?

While Delfin is currently the most commercially advanced offshore export project awaiting export approval, other projects have been proposed for the Gulf Coast.

Before shifting focus to its export project in Altamira, Mexico, New Fortress Energy Inc. proposed using its Fast LNG technology to place two 1.4 Mt/y capacity liquefication trains on modified jack-up rigs in the Gulf of Mexico.

Delfin also owns the Grand Cheniere pipeline system, which could ultimately be used to feed its proposed Avocet LNG project that would add another two FLNG vessels offshore Louisiana.

No RS in a IPO I believe 50 million shares offered to public. Of course probably 75 - 100 million shares total after bankers and everyone gets their handout.

after MARAD approval and FID couldn't be be better timing to come public like $VG, except through a rm into the shell they already own for that purpose $TGLO!!!