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.

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