Stabilis terminates 10-year LNG offtake deal; Galveston project faces delays

Stabilis Solutions, Inc.

Terminated agreement to supply 50M gallons LNG/year (~40% of Galveston facility's planned capacity) with minimum volume commitments of ~32%.
Financing partners requested modifications to the agreement; counterparty did not agree, prompting termination.
Anticipates delays to final investment decision, project financing, and development timeline for the Galveston LNG facility.
Company continues development and is pursuing alternative offtake arrangements with potential customers.

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