Stabilis Solutions Secures 10-Year Marine Bunkering Agreement for Texas Gulf Coast Expansion

Stabilis Solutions has signed a 10-year marine bunkering agreement with a global operator to supply LNG for operations at the Port of Galveston. The agreement marks the company's first liquefaction supply contract for marine bunkering and enables development of a new LNG liquefaction facility in Galveston, Texas. The facility will increase Stabilis' liquefaction capacity to 480,000 gallons-per-day and provide a key anchor contract to advance the project.

Stabilis Solutions, Inc. (Nasdaq: SLNG) has announced a significant milestone in its strategic expansion plans, signing a 10-year marine bunkering agreement with a leading global marine operator. The agreement, which marks Stabilis' first liquefaction supply contract for marine bunkering, will supply approximately 50 million gallons (or 188,000 cubic meters) of Liquefied Natural Gas (LNG) per year for operations at the Port of Galveston Stabilis Solutions Announces Award of Long-Term Marine Bunkering Agreement To Anchor Its Gulf Coast Expansion^[1].

The long-term agreement will enable Stabilis to develop a new 350,000 gallon-per-day waterfront LNG liquefaction facility in Galveston, Texas. Upon completion, the facility will increase Stabilis' liquefaction capacity from 130,000 gallons-per-day to 480,000 gallons-per-day, significantly bolstering its market presence within the Gulf Coast Stabilis Solutions Announces Award of Long-Term Marine Bunkering Agreement To Anchor Its Gulf Coast Expansion^[1].

Under the terms of the agreement, Stabilis is required to finalize project financing by the first quarter of 2026 and complete construction on the Galveston LNG facility by the second quarter of 2028. Deliveries under the agreement are expected to commence in the fourth quarter of 2027, subject to the successful financing and construction of the Galveston LNG facility and other conditions precedent Stabilis Solutions Announces Award of Long-Term Marine Bunkering Agreement To Anchor Its Gulf Coast Expansion^[1].

The new LNG facility and a dedicated Jones Act-compliant LNG bunkering vessel will create a fully integrated, last-mile LNG delivery solution for customers, serving the Port of Galveston, Port of Houston, and surrounding Gulf Coast markets. Stabilis has identified a site for the new facility and completed initial front-end-engineering and design activities. The company expects to complete the necessary financing and begin construction in early 2026 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 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 remains in active discussions to contract the remaining capacity at the Galveston LNG facility. The company is committed to maintaining its balance sheet discipline and return-driven approach toward capital allocation, engaging with advisors to finalize the optimal structure for this expansionary phase Stabilis Solutions Announces Award of Long-Term Marine Bunkering Agreement To Anchor Its Gulf Coast Expansion^[1].