Delfin LNG Signs Memorandum of Understanding with LITGAS

Delfin LNG LLC (“Delfin LNG” or “the Company”) announced today that the Company has signed a memorandum of understanding (“MOU”) with natural gas supply and trading company LITGAS, part of the Lithuanian state controlled Lietuvos Energija energy company group. Under the terms of the MOU, LITGAS intends to contract processing capacity at the Company’s LNG deepwater port in the Gulf of Mexico off the coast of Louisiana. It is expected that Delfin LNG will be the first floating deepwater liquefaction project in the United States and will be fully operational by 2019.

“We are excited to announce the signing of this MOU with LITGAS,” said Frederick Jones, President of Delfin LNG. “At this time, the need for diversification of supply in Europe is critical. As such, Delfin LNG is looking to fill the void by supplying European entities with the diversification they need in an environmentally friendly, cost competitive and efficient manner. We look forward to continuing the development of the United States’ first floating deepwater liquefaction project.”

Delfin LNG LLC also recently announced the signing of a Joint Development Agreement with Höegh LNG Ltd (Oslo Børs: HLNG) in relation to its US-based Delfin Liquefied Natural Gas Deepwater Port Project.

In February 2014, Delfin LNG received approval from The Office of Fossil Energy of the Department of Energy (“DOE”) for exports to FTA countries. The approval encompasses a long-term, multi-contract authorization to export LNG produced from domestic sources in a volume equivalent to approximately 657.5 billion cubic feet per year (Bcf/yr) of natural gas, or 1.8 billion cubic feet per day (Bcf/d). Delfin’s proposed floating liquefaction project is to be located approximately 50 miles offshore of Cameron Parish, Louisiana. Delfin LNG has also applied for authorization to export to Non-FTA countries.

About Delfin LNG LLC:

Delfin LNG LLC is currently developing the Delfin LNG Deepwater Port Project, a floating liquefaction and export facility to be located in the Gulf of Mexico. As planned, the Delfin LNG Project consists of onshore gas compression facilities, a 42-inch pipeline to transport natural gas offshore, and a deepwater port with four moorings and four floating liquefaction vessels. Subject to regulatory approval, the Project will be constructed in phases and will have an ultimate LNG send out capacity of 13 million metric tonnes per annum. Further information is available at www.delfinlng.com.