Stabilis Solutions Receives DOE Approval to Export LNG
ACCESSWIRE
21 Sep 2022, 21:56 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
ir@stabilis-solutions.com
SOURCE: Stabilis Energy
View source version on accesswire.com:
https://www.accesswire.com/716767/Stabilis-Solutions-Receives-DOE-Approval-to-Export-LNG
Subscribe and Follow
Get a daily dose of North Carolina Daily 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 North Carolina Daily.
More Information
66
℉
250,000 hirings planned by Amazon during US holiday season
SEATTLE, Washington: To expand its next-day delivery services for shoppers, Amazon said it plans to hire 250,000 more U.S. workers ...
U.S. stocks slip, dollar loses ground against commodity currencies
NEW YORK, New York - U.S. stocks weakened on Friday as U.S. Treasury yields continued to point higher while some ...
US business optimism about China at record low: Survey
SHANGHAI, China: A survey published this week by the American Chamber of Commerce (AmCham) in Shanghai showed that political tensions ...
eVTOL maker Joby chooses Ohio for its flying taxis plant
DAYTON, Ohio: Under an agreement announced this week, Joby Aviation will produce state-of-the-art electric vertical takeoff and landing (eVTOL) aircraft ...
Stocks in U.S. and around world decline as bond yields jump
NEW YORK, New York - U.S. stocks and bonds caught on to a global trend Thursday as sellers took charge ...
Nasdaq Composite tumbles 209 points after Fed leaves rates unchanged
NEW YORK, New York - Interest rates could stay higher for longer, but there is the possibility of rate cuts ...
250,000 hirings planned by Amazon during US holiday season
SEATTLE, Washington: To expand its next-day delivery services for shoppers, Amazon said it plans to hire 250,000 more U.S. workers ...
Rattlesnake bites Amazon driver in Florida during delivery
MARTIN COUNTY, Florida: An Amazon driver making a delivery to a Florida home this week was bitten by a rattlesnake ...
Canada's TMX expansion may triple oil flow to country's Pacific Coast
CALGARY, Canada: From early 2024, the long-delayed and controversial Canadian government-owned Trans Mountain oil pipeline expansion (TMX) is expected to ...
US business optimism about China at record low: Survey
SHANGHAI, China: A survey published this week by the American Chamber of Commerce (AmCham) in Shanghai showed that political tensions ...
IMF's formula for prosperity: Taxing wealthy to aid needy people
NEW YORK, USA The International Monetary Fund (IMF) advised Pakistan on Wednesday to tax the wealthy to relieve the poor.IMF ...
eVTOL maker Joby chooses Ohio for its flying taxis plant
DAYTON, Ohio: Under an agreement announced this week, Joby Aviation will produce state-of-the-art electric vertical takeoff and landing (eVTOL) aircraft ...
