other material
confidence high
sentiment positive
materiality 0.75
Stabilis secures 10-year marine bunkering LNG contract anchoring Gulf Coast expansion
Stabilis Solutions, Inc.
- 10-year agreement to supply ~50M gallons (188K cu m) per year of LNG for bunkering at Port of Galveston; deliveries expected Q4 2027 subject to financing and construction.
- Planned Galveston LNG liquefaction facility capacity: 350,000 gallons/day; total company capacity to rise from 130,000 to 480,000 gpd.
- Contract covers ~40% of Galveston facility's capacity; company in advanced discussions for remaining capacity.
- Financing must close by Q1 2026; construction complete by Q2 2028; Evercore is financial advisor.
- Plans to commission a Jones Act-compliant LNG bunkering vessel for integrated last-mile delivery.