Stabilis Solutions Secures Long-Term LNG Bunkering Agreement at Gulf Coast

Stabilis Solutions, Inc. has announced a 10-year agreement to supply Liquefied Natural Gas (LNG) for bunkering operations at Galveston's port. This deal marks their first marine bunkering contract, supporting their Gulf Coast expansion strategy. The agreement involves providing 50 million gallons of LNG annually, starting in late 2027, dependent on the completion of a new LNG facility in Galveston.

The proposed facility will increase Stabilis' LNG production capacity from 130,000 to 480,000 gallons per day. It's strategically positioned to meet growing demands in the Gulf Coast for diverse marine markets. Additionally, a dedicated LNG bunkering vessel will enhance service delivery.

Financially advised by Evercore, Stabilis aims to finalize financing and begin construction by early 2026. This agreement anchors 40% of the Galveston plant's planned capacity, with ongoing negotiations to fill the rest.