Stabilis announced in its preliminary fourth-quarter results report on Tuesday that it continues to advance its proposed Galveston liquefaction facility and Jones Act-compliant LNG bunkering vessel.
The proposed waterfront liquefaction facility will have a capacity of 350,000 gallons per day.
Upon completion, the facility is anticipated to increase Stabilis’ liquefaction capacity from 130,000 gallons per day from its two existing liquefaction facilities to 480,000 gallons per day.
Stabilis currently owns a liquefier that can produce more than 100,000 LNG gallons per day in George West, Texas, and a liquefier that can produce up to 30,000 LNG gallons per day in Port Allen, Louisiana.
Up to $400 million
According to Stabilis, it has secured customer commitments for approximately 56 percent of the project’s planned capacity.
The company is engaged in “late-stage discussions with multiple potential customers to secure the remaining available offtake.”
Stabilis expects the total capital required for the project to reach $350 million to $400 million.
Moreover, Stabilis said financing for the project is progressing “with counterparties conducting detailed due diligence and active negotiations on definitive documentation and key commercial terms.”
In December 2025, Stabilis entered into a definitive, 10-year offtake agreement with Carnival to supply LNG in support of the latter’s cruise operations at the port of Galveston.
Also, the company announced in October 2025 that it had entered into a 10-year agreement with a “leading investment-grade global marine operator” to supply LNG for their marine bunkering operations at the port of Galveston.
This long-term agreement marked the company’s first marine bunkering contract for liquefaction supply from its planned expansion along the Texas Gulf Coast.
In addition, the company also entered into a time charter deal with Canada’s Seaspan Energy for the latter’s 7,500-cbm LNG bunkering vessel, Seaspan Garibaldi.
Stabilis has an option to buy the LNG bunkering vessel.
Data center contract
According to the small-scale LNG player, the company recently secured ed a multi-year take-or-pay contract to supply LNG for a US behind-the-meter power generation application for a “world-leading provider of remote and temporary power generation and energy services.”
The firm did not disclose the customer’s name.
Satbilis expects LNG deliveries to commence during the first quarter of 2027 and continue through the first quarter of 2029.
Stabilis anticipates total revenue under the initial two-year term of the contract of approximately $200 million.
This contract represents the company’s first-ever contract in support of data center behind-the-meter power generation, consistent with its strategic focus on growing, high-value vertical markets. Stabilis said.
