LNG

LNG industry coalition, SEA\LNG, has expanded its US membership network by welcoming Houston-based Stabilis Energy to its ranks.
 
Peter Keller, Chairman, SEA\LNG, commented: “Welcoming Stabilis Energy as a new member demonstrates SEA\LNG’s continued commitment within the ever expanding North American LNG market. LNG is growing in importance in both the energy and marine bunkering markets. Stabilis operates at the forefront of this expansion.”
 
Stabilis Energy provides small-scale LNG production, distribution and fuelling services to multiple end markets in North America. It owns and operates a liquefaction and storage facility in George West, Texas, as well as a fleet of over 150 cryogenic rolling stock equipment pieces throughout North America. Stabilis supplies LNG for use in the industrial, mining, energy, utility, pipeline, and transportation end markets, as well as marine bunkering services. 

Jim Reddinger, Stabilis Energy President and CEO, said: “LNG is an increasingly important part of the marine bunkering infrastructure throughout North America and across the globe. We specialise in producing LNG and delivering it to its last port of call, as it were, where it is ready for transfer to ocean-going vessels. As members of SEA\LNG we look forward to supporting this integral part of the growing LNG bunkering network throughout North America and beyond.”
 
To help fund growth plans and operating presence, as well as investments in LNG production and distribution, Stabilis recently completed a number of initiatives, including a public listing on the Nasdaq stock exchange (ticker symbol: SLNG), investment from Chart Industries and two strategic transactions in Mexico.
 
Keller added: “Communication and collaboration across the LNG value chain is essential to breaking down barriers to the adoption of LNG as an important and economically viable marine fuel. It is encouraging to see Stabilis Energy engaging with its partners to strengthen the small-scale LNG network. We look forward to working with them to expand LNG bunkering infrastructure in the Americas.”
 

Stolt-Nielsen Ltd, the Norwegian-listed shipping and storage group, said it had joined with Norwegian peer companies Golar and Hoegh in a combined investment commitment of $182 million in a project in the small-scale market called Avenir LNG.

Australian and the Asia-Pacific region shipping companies believe switching to liquefied natural gas is the preferred solution in meeting the International Maritime Organization’s (IMO) stringent new international emissions standards for marine bunker fuels.