Stabilis inks three LNG deals for small-scale Texas facility

Houston-based small-scale LNG firm Stabilis Solutions said it has signed three long-term deals to supply the fuel via trucks from its production plant in Texas.

The firm said in a statement it would supply LNG to customers in the infrastructure and mining markets, adding that the contracts represent up to 40% of the capacity at its Texas LNG plant.

The George West facility produces more than 100,000 gallons of LNG per day.

When combined with existing contracted and uncontracted sales, Stabilis exects that the plant’s utilization should approach 100% in 2021 and beyond.

Stabilis did not reveal the names of the customers only saying the first customer is a “highway paving contractor” operating throughout Texas and would use LNG to create heat required to produce finished asphalt.

In addition, the firm signed the deals with two Texas-based sand mines that sell to multiple industrial and energy end markets, it said.

“After a brief pandemic driven slowdown in 2020, customer inquiries and sales have grown rapidly, culminating in record fourth quarter 2020 sales at Stabilis. We believe that these new orders will allow our LNG production facility to operate near full capacity for the foreseeable future,” Jim Reddinger, Stabilis chief executive, said.

Stabilis says it has delivered over 250 million gallons of LNG through more than 25,000 truck deliveries during its 16-year operating history.

Most Popular

Venture Global’s Plaquemines LNG terminal achieves first production

Venture Global announced on Friday it had reached first LNG production at the company’s second facility, Plaquemines LNG, in...

Spot LNG rates remain weak

“Spark30S rates rose for a fourth consecutive week, increasing marginally by $750 to $23,500 per day,” Qasim Afghan, Spark’s commercial...

Swan Energy, Nebula’s AG&P LNG plan Indian JV

Swan Energy said on Friday it had signed a heads of agreement with AG&P Terminals &Logistics (Singapore). The two firms...

More News Like This

Stabilis plans to build LNG bunkering facility on US Gulf Coast

Stabilis currently owns a liquefier that can produce more than 100,000 LNG gallons per day in George West, Texas...

Stabilis secures extension of LNG supply deal

Houston-based small-scale LNG player Stabilis Solutions has extended its liquefied natural gas supply deal with an unidentified provider of...

Stabilis increases LNG deliveries to US space industry

Houston-based small-scale LNG firm Stabilis Solutions expects a significant demand rise for LNG fuel from the US commercial space...

Stabilis seals LNG bunkering deal with Carnival

Houston-based small-scale LNG player Stabilis Solutions has secured a multi-year contract from cruise operator Carnival to provide LNG fuel...