Stabilis secures long-term LNG bunkering deal in Galveston
US-based fuel supplier Stabilis Solutions has signed a 10-year agreement to supply LNG for marine bunkering operations at the Port of Galveston.
IMAGE: Aerial view of Port of Galveston, Texas. Getty Images
The deal, signed with an unnamed global marine operator, covers the delivery of about 84,000 mt/year of LNG, with operations expected to begin in the fourth quarter of 2027.
Supply will commence once Stabilis completes its planned Galveston LNG facility, a 350,000-gallon/day LNG liquefaction plant. The company aims to secure project financing by the first quarter of 2026 and finish construction by the second quarter of 2028.
The new facility will serve cruise ships, container vessels, car carriers, tankers and bulk carriers across the ports of Galveston and Houston and the wider Gulf Coast region.
The bunkering contract will account for roughly 40% of the facility’s planned capacity.
To support the project, Stabilis also intends to commission a dedicated Jones Act-compliant LNG bunkering vessel to serve Galveston, transporting LNG directly from the facility to customer ships. The Jones Act requires that all goods shipped between US ports be carried on US-built, -owned, and -crewed vessels.
“Once the Galveston LNG facility comes online, anticipated in late 2027, it will become our largest liquefaction plant by capacity, significantly increasing our market presence within the Gulf Coast while meeting growing customer demand for reliable, clean marine LNG fueling solutions,” said Casey Crenshaw, Stabilis’ chief executive and chairman.
By Tuhin Roy
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