MOL to Invest in the First Offshore LNG Liquefaction Facility in the United States- Upstream LNG Value Chain Expansion in International Shipping News 05/06/2026 Mitsui O.S.K. Lines, Ltd., together with Delfin Midstream, Inc., a group of investors led by Global Infrastructure Partners (GIP), a part of BlackRock, and Vitol has reached a Final Investment Decision (FID) and formally decided to participate as an investor in an offshore floating liquefied natural gas (“FLNG”) project. Delfin FLNG 1 will be the first floating liquefaction facility in the United States and the largest FLNG project globally. This world-class FLNG project will have an annual LNG nameplate production capacity of 4.4 million tons and is expected to begin first production in 2030. The total project cost is approximately USD 5 billion, and the total equity contribution by investors is approximately USD 1.4 billion. MOL plans to invest approximately USD 300 million, representing approximately 23% of the total equity contribution. MOL will be the first Japanese shipping company to invest in an FLNG project. MOL previously invested in Delfin Midstream, Inc. in 2023 (Note 1) and has since supported the company’s FLNG project development while conducting a commercial evaluation of Delfin FLNG 1. As a result, all necessary conditions for project realization have been satisfied, leading to the FID. Delfin FLNG 1,has obtained all required permits and licenses to begin construction, and has concluded long-term LNG sales agreements with Vitol and Gunvor, two of the world’s leading LNG trading companies; Centrica, a major U.K. energy company; Expand Energy, a major U.S. natural gas producer. At this FID, a construction contract for the FLNG unit will be executed with Samsung Heavy Industries Co., Ltd. and the project will move into the execution phase toward the commencement of commercial operations. In addition to participating as an investor, MOL will support the project through its technical expertise in