Stabilis Solutions wins 10-year marine bunkering contract in Gulf Coast expansion.

Stabilis Solutions has entered into a 10-year agreement with a leading marine operator to supply LNG for bunkering operations at the Port of Galveston. This marks the company's first marine bunkering contract from its planned Texas Gulf Coast expansion and enables development of a new waterfront LNG liquefaction facility and related logistics infrastructure.

Stabilis Solutions, Inc. (Nasdaq: SLNG), a leading provider of clean energy solutions, has entered into a 10-year agreement with a leading investment-grade global marine operator to supply Liquefied Natural Gas (LNG) for their marine bunkering operations at the Port of Galveston. This agreement marks Stabilis' first marine bunkering contract for liquefaction supply from its planned expansion along the Texas Gulf Coast, enabling the development of a new waterfront LNG liquefaction facility and related marine logistics infrastructure Stabilis Solutions Announces Award of Long-Term Marine Bunkering Agreement To Anchor Its Gulf Coast Expansion^[1].

The long-term agreement commits Stabilis to supply approximately 50 million gallons (or 188,000 cubic meters) of LNG per year for marine bunkering operations in the Port of Galveston. Deliveries are expected to commence in the fourth quarter of 2027, subject to successful financing and construction of the Galveston LNG facility Stabilis Solutions Announces Award of Long-Term Marine Bunkering Agreement To Anchor Its Gulf Coast Expansion^[1].

The Galveston LNG liquefaction project is anticipated to be a 350,000 gallon-per-day facility, increasing Stabilis' liquefaction capacity from 130,000 gallons-per-day to 480,000 gallons-per-day upon completion. The new facility will serve various marine end markets, including cruise customers, container ships, car carriers, tankers, and bulk carriers in the Port of Galveston, Port of Houston, and surrounding Gulf Coast markets Stabilis Solutions Announces Award of Long-Term Marine Bunkering Agreement To Anchor Its Gulf Coast Expansion^[1].

Stabilis expects to finalize project financing by the first quarter of 2026 and complete construction by the second quarter of 2028. The bunkering agreement represents approximately 40% of the Galveston LNG facility's planned capacity, providing a key anchor contract to advance the project Stabilis Solutions Announces Award of Long-Term Marine Bunkering Agreement To Anchor Its Gulf Coast Expansion^[1].

In addition to the new LNG facility, Stabilis plans to commission a dedicated Jones Act-compliant LNG bunkering vessel to serve the Port of Galveston. Together, these developments are expected to create a fully integrated, last-mile LNG delivery solution for customers Stabilis Solutions Announces Award of Long-Term Marine Bunkering Agreement To Anchor Its Gulf Coast Expansion^[1].

The company has identified a site for the new facility and completed initial front-end-engineering and design activities. Evercore is serving as the financial advisor to Stabilis in the financing and structuring of this transaction Stabilis Solutions Announces Award of Long-Term Marine Bunkering Agreement To Anchor Its Gulf Coast Expansion^[1].

Executive Chairman and Interim President & Chief Executive Officer Casey Crenshaw stated, "Our new 10-year bunkering agreement marks a transformational milestone for Stabilis, securing the commercial scale required to advance our investment in liquefaction capacity on the Gulf Coast. Once the Galveston LNG facility comes online, it will become our largest liquefaction plant by capacity, significantly increasing our market presence within the Gulf Coast while meeting growing customer demand for reliable, clean marine LNG fueling solutions" Stabilis Solutions Announces Award of Long-Term Marine Bunkering Agreement To Anchor Its Gulf Coast Expansion^[1].

Stabilis Solutions is a leading provider of clean energy production, storage, and delivery solutions to multiple end markets. The company's strategic expansion along the Texas Gulf Coast aims to capitalize on the growing demand for LNG in the marine sector Stabilis Solutions Announces Award of Long-Term Marine Bunkering Agreement To Anchor Its Gulf Coast Expansion^[1].