Stabilis and the Galveston Wharves to Offer LNG Fueling Services for Marine Vessels

Stabilis announced today the company has entered into a Memorandum of Understanding (MOU) with Galveston Wharves to facilitate the use of LNG as a marine fuel at the Port of Galveston.

Under the terms of the MOU, the Port of Galveston and Stabilis will work together to provide turnkey LNG fueling solutions to marine vessels. This will include identifying suitable dock space for shore-to-ship fueling operations, obtaining the necessary permits and approvals, identifying and educating potential customers, and executing LNG fueling events. Stabilis will deploy its existing fleet of mobile cryogenic assets, including LNG transportation and distribution equipment, and provide LNG from its liquefaction facilities in Texas and Louisiana to support LNG fueling operations. LNG bunkering services are expected to be available in 2021.

"The Galveston Wharves views LNG fueling of marine vessels as an important step in our commitment to environmental stewardship," said Rodger Rees, Port Director and CEO. "And with the number of LNG-fueled vessels in the global fleet growing rapidly, having LNG fueling services in the port is also an important step in our commercial growth. We look forward to working with Stabilis on this project."

The Port of Galveston is the fourth most popular cruise port in North America and welcomed more than 1.0 million cruise passengers in 2019.