Stabilis Solutions extends LNG agreement

Houston-based Stabilis Solutions announced the extension of its LNG supply agreement with what the company called a leading global provider of on-demand industrial power solutions.

Under the terms of Stabilis’ supply agreement extension, Stabilis will provide turnkey production and last-mile delivery of up to 9.5 million gallons of LNG to generate roughly 23 MW/hs of grid resiliency power in support of communities along the Gulf Coast through June 2025.

In 2023, Stabilis delivered LNG to generate approximately 236,000 MW of energy to the power generation sector, representing 25% of total revenue. Stabilis anticipates that future demand for its behind-the-meter power solutions will be driven by significant growth within the data center, manufacturing, and broader industrial sectors, together with weather-related and emergency relief events.

“As technology continues to advance, how our nation sources and consumes energy will also evolve, positioning our business to capitalize on the quantum of change required to support the next chapter of commercial and industrial growth,” said Westy Ballard, president and CEO of Stabilis. “Domestic energy consumption is expected to increase materially over the next decade, placing increased stress on the U.S. electrical grid, and we believe our heritage as a last-mile provider of on-demand and redundant power solutions that sit beyond the service scope of traditional energy infrastructure will become increasingly more important in the years ahead.”