Stabilis Solutions Adds Third Gulf Coast LNG Marine Bunkering Location by Partnering with PILOT (Port Isabel Logistical Offshore Terminal)
Stabilis Solutions Inc. (“Stabilis”) (NASDAQ:SLNG), a leading provider of energy transition services including liquefied natural gas (“LNG”) and hydrogen fueling solutions, and Port Isabel Logistical Offshore Terminal, Inc. (“PILOT” or the “Port”) in Texas and have entered into a Memorandum of Understanding (“MOU”) to facilitate the use of LNG as a marine fuel at the Port. This will be the third LNG marine bunkering location that Stabilis supports on the Gulf Coast.
Under the terms of the MOU, Stabilis and PILOT will work together to provide turnkey LNG fueling solutions to marine vessels calling on the Port, including 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 facility George West, Texas to support LNG fueling operations. LNG bunkering services are expected to be available at PILOT in early 2022.
“Stabilis is excited to partner with PILOT to bring marine bunkering to the western Gulf Coast region,” said Westy Ballard, President and CEO of Stabilis. “With the addition of PILOT to our network, Stabilis is now able to provide LNG bunkering services throughout much of the Gulf Coast.”
“PILOT is committed to being a leader in environmentally sustainable marine operations,” added Scott Brown, Chairman and CEO of PILOT. “Offering clean LNG fuel to our customers in Port Isabel is an important step in that process. We look forward to working with the Stabilis team.”
Source: Stabilis Solutions Inc.