SEA\LNG, the multi-sector industry coalition accelerating the widespread adoption of liquefied natural gas (LNG) as a marine fuel, has expanded its membership network in the United States as it welcomes Houston-based Stabilis Energy, the company said in its release.
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 pieces of cryogenic rolling stock equipment 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.
To help fund growth plans and operating presence, as well as investments in LNG production and distribution, Stabilis has recently completed a number of initiatives, including a public listing on the Nasdaq stock exchange (ticker symbol: SLNG), investment from Chart Industries, a leading global supplier of LNG production and distribution equipment, and two strategic transactions in Mexico.
SEA\LNG brings together key players in the marine value chain, including shipping companies, classification societies, ports, major LNG suppliers, LNG bunkering companies, infrastructure providers and OEMs (original equipment manufacturers), advocating for cooperation and knowledge-sharing to build confidence in LNG as a commercially viable and environmentally sound marine fuel for 2020 and beyond.
Through collaboration with its members, independent consultants and academic experts, SEA\LNG has produced verified studies detailing the significant economic and environmental benefits of LNG as a marine fuel. The Life Cycle GHG Emissions Study demonstrates carbon emissions reductions of up to 21% with LNG compared to current oil-based marine fuels across the entire life cycle from Well-to-Wake (WtW).
Meanwhile, SEA\LNG’s two investment case studies clearly indicate that LNG delivers the best return on investment on a net present value (NPV) basis over a conservative 10-year horizon for both a containership on an Asia – US West Coast trade, and PCTC vessels on the Atlantic and Pacific trades.
About SEA\LNG
SEA\LNG is a UK-registered not for profit collaborative industry foundation serving the needs of its member organisations committed to furthering the use of LNG as an important, environmentally superior maritime fuel.
SEA\LNG has members across the entire LNG value chain including providers of the product, users, engine and asset suppliers, and class societies. SEA\LNG is already recognised as an International leader in LNG matters. Each member organisation commits mutually agreed human resources, data analysis and knowledge sharing in support of SEA\LNG initiatives and activities and financially contributes via a membership fee.
SEA\LNG’s members include: ABS, Carnival Corporation & plc, Clean Marine Energy, DNV GL, Eagle LNG Partners, ÉNESTAS, Exeno Yamamizu, Fearnleys, Gasum AS, GE, GTT, JAX LNG, Keppel Gas Technology, “K” LINE Group, Lloyd’s Register, MAN Energy Solutions, Maritime and Port Authority of Singapore (MPA), Marubeni Corporation, Mitsubishi Corporation, Mitsui & Co., Ltd., Naturgy, Novatek Gas & Power, NYK Line, Port of Rotterdam, Port of Virginia, Qatargas, Shell, Société Générale, Stabilis Energy, Sumitomo Corporation, Total, TOTE Inc., Toyota Tsusho, Uyeno Group of Companies, Vancouver Fraser Port Authority, Wärtsilä, and Yokohama-Kawasaki International Port Corporation (YKIP).
About Stabilis Energy
Stabilis Energy, Inc. is a vertically integrated provider of small-scale liquefied natural gas (“LNG”) production, distribution and fueling services to multiple end markets in North America. Stabilis has safely delivered over 200 million gallons of LNG through more than 20,000 truck deliveries during its 15-year operating history in the LNG industry, which it believes makes it one of the largest and most experienced small-scale LNG providers in North America. Stabilis’ customers use LNG as a fuel source in a variety of applications in the industrial, energy, mining, utilities and pipelines, commercial, and high horsepower transportation markets (including marine). Stabilis’ customers use LNG as an alternative to traditional fuel sources, such as distillate fuel oil and propane, to lower fuel costs and reduce harmful environmental emissions. Stabilis’ customers also use LNG as a “virtual pipeline” solution when natural gas pipelines are not available or volumes are curtailed.