Houston, Texas | October 9, 2025 — Stabilis Solutions, a leading provider of clean energy production, storage, and delivery solutions, has announced it has entered into a 10-year agreement with a leading investment-grade global marine operator to supply liquefied natural gas (LNG) for marine bunkering operations at the Port of Galveston.
This long-term deal marks the Company’s first marine bunkering contract tied directly to liquefaction supply from its planned Gulf Coast expansion. The agreement represents a pivotal step in advancing the development of a new, state-of-the-art waterfront LNG liquefaction facility, along with associated marine logistics infrastructure, in Galveston, Texas.
Stabilis has signed a 10-year supply contract to deliver approximately 50 million gallons (188,000 cubic meters) of LNG annually for bunkering operations at the Port of Galveston. Deliveries are scheduled to begin in Q4 2027, subject to the successful financing and construction of the Galveston LNG facility, along with other conditions precedent.
Under the terms of the agreement, Stabilis is required to finalize project financing by Q1 2026, and complete facility construction by Q2 2028.
The proposed Galveston LNG plant is designed as a 350,000 gallon-per-day waterfront liquefaction facility. Once operational, it will expand Stabilis’ total liquefaction capacity from 130,000 to 480,000 gallons per day, making it the company’s largest production site.
Strategically located, the facility will continue serving Stabilis’ cruise line customers while opening new supply lines to additional vessel segments — including container ships, car carriers, tankers, and bulk carriers — across the Port of Galveston, Port of Houston, and the wider Gulf Coast.
This newly signed bunkering contract secures approximately 40% of the facility’s planned output, acting as a key anchor for the project’s viability and financing.
To support the growing demand for marine LNG, Stabilis also plans to launch a Jones Act-compliant LNG bunkering vessel, purpose-built to serve the Port of Galveston. This vessel will enable direct ship-to-ship delivery from the liquefaction site, creating a fully integrated, last-mile bunkering model for customers.
The company has completed front-end engineering and design (FEED) and has selected a site for the project. Construction is expected to begin in early 2026, pending final investment decision (FID) and financing.
Evercore is serving as financial advisor to Stabilis for this transaction and overall project structuring.
“Our new 10-year bunkering agreement marks a transformational milestone for Stabilis — one that secures the commercial scale required to advance our investment in liquefaction capacity on the Gulf Coast,” said Casey Crenshaw, Executive Chairman and Interim President & CEO. “Once the Galveston LNG facility comes online, anticipated in late 2027, 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.”
Casey Crenshaw also noted that Stabilis is in advanced negotiations with a diverse group of customers interested in securing supply from the new facility.
“This long-term bunkering agreement secures 40% of the planned capacity at the Galveston LNG facility, and we remain in active discussions to contract the remaining capacity,” he added.
“As we advance toward FID, we intend to maintain our balance sheet discipline and return-focused capital allocation strategy. We’re working closely with our advisors to finalize the optimal capital structure to support this exciting growth phase — in alignment with our long-term goal of value creation for both customers and shareholders.”
The U.S. Gulf Coast is rapidly emerging as a pivotal hub in the global marine fuel landscape, driven by the maritime industry’s accelerating transition to cleaner energy solutions—particularly LNG bunkering. This momentum is underpinned by major investments in port infrastructure and regional logistics capabilities.
The Port of Houston, the nation’s largest port by waterborne tonnage, is actively expanding its LNG fueling infrastructure to accommodate the growing number of LNG-powered container ships, tankers, and other commercial vessels. Meanwhile, the Port of Galveston is positioning itself as a national leader in LNG bunkering, especially within the cruise sector. It is among the first U.S. ports to regularly offer LNG fuel services, supported by a new wave of dedicated liquefaction and bunkering infrastructure.
This project and others in development across the region are expected to serve not only the immediate Houston-Galveston corridor but also support broader Gulf Coast adoption of LNG and future low-carbon fuels such as e-LNG, reinforcing the region’s role in shaping the next generation of sustainable marine energy.
Stabilis Solutions (Nasdaq: SLNG) is a trusted provider of turnkey clean energy solutions, specializing in LNG production, storage, logistics, and delivery to a wide range of industries. The company serves markets across the marine, aerospace, energy, industrial, and utility sectors, delivering flexible, scalable solutions that help reduce emissions and support the global energy transition.
