Stabilis, Corpus Christi port in LNG bunkering move

Small-scale LNG firm Stabilis Solutions is joining forces with the Port of Corpus Christi in Texas to provide LNG as fuel in the port.

The duo said in a statement on Tuesday they signed a memorandum of understanding to facilitate the use of LNG as a marine fuel at the port located on the western Gulf of Mexico.

Under the memorandum, the Port of Corpus Christi will provide suitable access to dock space for shore-to-ship LNG fueling operations.

On the other side, Stabilis will deploy its existing fleet of mobile cryogenic assets, including LNG transportation and distribution equipment, from its George West production plant in South Texas that produces more than 100,000 gallons of LNG per day.

Moreover, the Port of Corpus Christi and Stabilis hope to attract more LNG-capable vessels and to encourage the conversions to LNG power, they said.

“The Port of Corpus Christi and Stabilis have committed to providing extensive customer education and technical support as well as attracting capital, including grant funding opportunities designed to incentivize market development and viable customer solutions,” the statement said.

Worth mentioning here, the US port ended 2020 with record tonnage, mainly due to a surge in crude oil shipments but LNG volumes also increased.

The nation’s top oil exporting hub boosted oil shipments by 65 percent to 96.4 million tons, while the port saw a 26 percent increase in LNG shipments to 8.7 million tons.

LNG shipments increased as Cheniere ramped up production at its Corpus Christi liquefaction plant.

Most Popular

Venture Global’s Q2 revenue reaches $4.58 billion, net income jumps

US LNG exporter Venture Global reported revenue of $4.58 billion in the second quarter of this year, a 47.6 percent rise from the year before, while its net income surged 266 percent year-on-year to $1.35 billion.

ConocoPhillips continues to boost LNG portfolio

US energy giant ConocoPhillips has expanded its commercial LNG offtake portfolio to 12 million tonnes per annum as it continues to scale up this business, according to incoming CEO Andy O’Brien.

Woodside: RWE’s deal with Stonepeak has no impact on Louisiana LNG ownership structure

RWE's agreement with US private equity firm Stonepeak has no impact on Louisiana LNG ownership structure, a Woodside spokesperson told LNG Prime.
spot_img

More News Like This

Stabilis secures new approval for Galveston LNG project

Houston-based small-scale LNG player Stabilis Solutions has received a letter of recommendation (LOR) from the US Coast Guard for its planned Galveston liquefaction facility.

Port of Corpus Christi says H1 LNG volumes up 36 percent

The US Port of Corpus Christi in Texas reported a 36.3 percent year-on-year increase in its liquefied natural gas (LNG) volumes in the second quarter of this year.

Seaspan, Stabilis terminate charter deal for LNG bunkering vessel

Canada's Seaspan Energy has exercised an option to terminate its previously signed charter agreement with Houston-based small-scale LNG player Stabilis Solutions for the 7,500-cbm LNG bunkering vessel Seaspan Garibaldi.

Stabilis expects to sub-charter Seaspan’s LNG bunkering vessel in Q2

Houston-based small-scale LNG player Stabilis Solutions expects to sub-charter Seaspan Energy's 7,500-cbm LNG bunkering vessel Seaspan Garibaldi in the second quarter of this year, following the termination of its Galveston bunkering contract, according to the company's management.