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
Get a daily dose of Illinois Intelligencer news through our daily email, its complimentary and keeps you fully up to date with world and business news as well.
Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to Illinois Intelligencer.
More InformationRio de Janeiro [Brazil], July 7 (ANI): External Affairs Minister S Jaishankar held a meeting with his counterparts from Iran and Mexico...
The billionaire says his America Party will focus on Congress ahead of 2026, but may back a presidential candidate Elon Musk has...
The US president accused the billionaire of sowing chaos with his new third-party initiative US President Donald Trump has lashed...
The US president accused the billionaire of sowing chaos with his new third-party initiative US President Donald Trump has lashed...
(Photo credit: Marc Lebryk-Imagn Images) Brian Campbell's par on the first playoff hole gave him his second career victory on the...
Donald Trumps decision to increase the budget deficit instead of cutting costs has become the last straw, the billionaire says Elon...
WASHINGTON, D.C.: President Donald Trump is drawing praise from his core supporters after halting key arms shipments to Ukraine, a...
MOSCOW, Russia: This week, Russia became the first country to officially recognize the Taliban as the government of Afghanistan since...
CAIRO, Egypt: This week, both Hamas and Israel shared their views ahead of expected peace talks about a new U.S.-backed ceasefire plan....
WASHINGTON, D.C.: The Trump administration has made public a visa decision that would usually be kept private. It did this to send...
MADRID, Spain: Liverpool footballer Diogo Jota and his younger brother, André Silva, have died in a car accident in Spain. Spanish...
LONDON, U.K.: An unrelenting heatwave sweeping across Europe has pushed early summer temperatures to historic highs, triggering deadly...