other material
confidence high
sentiment positive
materiality 0.75
Stabilis signs 10-yr marine bunkering deal to anchor Galveston LNG expansion
Stabilis Solutions, Inc.
- 10-year agreement to supply ~50M gallons/yr (188,000 m³) of LNG for bunkering at Port of Galveston.
- Deliveries expected to begin Q4 2027, subject to financing and construction of new Galveston LNG facility.
- Proposed 350,000 gallon-per-day facility would increase total liquefaction capacity from 130,000 to 480,000 gal/day.
- Company must finalize project financing by Q1 2026 and complete construction by Q2 2028 under the agreement.
- Bunkering contract represents ~40% of planned capacity; Evercore acting as financial advisor.