Stabilis Solutions Receives DOE Approval to Export LNG
ACCESS Newswire
21 Sep 2022, 17:26 GMT+10
HOUSTON, TX / ACCESSWIRE / September 21, 2022 / Stabilis Solutions, Inc., ('Stabilis') (NASDAQ:SLNG), today announced that it has received authorization from the U.S. Department of Energy ('DOE') to export domestically produced liquefied natural gas ('LNG') to all free trade and non-free trade countries, including Asian, European, and Latin American importing nations. Under the DOE's order, Stabilis received authority to export on its own behalf, or as agent for others, up to the equivalent of 51.75 billion cubic feet per year of domestically produced LNG. The authorization is for a term of 28 years.
'The DOE's approval provides us with the ability to assist in the world's current energy crisis as well as longer term capabilities to facilitate the world's transition to cleaner energy sources,' said Westy Ballard, President & Chief Executive Officer of Stabilis, 'and we look forward to working with our customers to commercialize these exciting export opportunities.'
About Stabilis
Stabilis Solutions, Inc. is a leading provider of clean energy production, storage, and delivery solutions to multiple end markets across North America. To learn more, visit www.stabilis-solutions.com.
# # # # #
Investor Contact:
Andrew Puhala
Chief Financial Officer
832-456-6502
[email protected]
SOURCE: Stabilis Energy
View source version on accesswire.com:
https://www.accesswire.com/716767/Stabilis-Solutions-Receives-DOE-Approval-to-Export-LNG
Share
Tweet
Share
Flip
Email
Subscribe and Follow
Get a daily dose of Memphis Sun news through our daily email, its complimentary and keeps you fully up to date with world and business news as well.
News RELEASES
Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to Memphis Sun.
More InformationFox faces $787 million lawsuit from Newsom over Trump phone call
DOVER, Delaware: California Governor Gavin Newsom has taken legal aim at Fox News, accusing the network of deliberately distorting...
DeepSeek faces app store ban in Germany over data transfer fears
FRANKFURT, Germany: Germany has become the latest country to challenge Chinese AI firm DeepSeek over its data practices, as pressure...
Canadian option offered to Harvard graduates facing US visa issues
TORONTO, Canada: Harvard University and the University of Toronto have created a backup plan to ensure Harvard graduate students continue...
Israel should act fast on new peace deals, Netanyahu says
JERUSALEM, Israel: Israeli Prime Minister Benjamin Netanyahu says that Israel's success in the war with Iran could open the door to...
UN offer rejected in Dreamliner crash investigation
NEW DELHI, India: India has decided not to allow a United Nations (UN) investigator to join the investigation into the recent Air India...
UN climate agency gets 10 percent boost amid global budget cuts
BONN, Germany: Despite widespread belt-tightening across the United Nations, nearly 200 countries agreed this week to increase the...
Wall Street extends rally, Standard and Poor's 500 hits new high
NEW YORK, New York - U.S. stock markets closed firmly in positive territory to start the week Monday, with the S&P 500 and Dow Jones...
Canadian tax on US tech giants dropped after Trump fury
WASHINGTON, D.C.: On Friday, President Donald Trump announced that he was halting trade discussions with Canada due to its decision...
Trump-backed crypto project gets $100 million boost from UAE fund
LONDON, U.K.: A little-known investment fund based in the United Arab Emirates has emerged as the most prominent public backer of U.S....
DIY weight-loss drug trend surges amid high prices, low access
SAN FRANCISCO, California: Across the U.S., a growing number of people are taking obesity treatment into their own hands — literally....
Apple allows outside payment links under EU pressure
SAN FRANCISCO, California: Under pressure from European regulators, Apple has revamped its App Store policies in the EU, introducing...
Euro, pound surge as U.S. rate cut odds grow after Powell hint
NEW YORK CITY, New York: The U.S. dollar tumbled this week, hitting its lowest levels since 2021 against the euro, British pound, and...
