Stabilis Solutions announced a 10-year offtake agreement with Carnival Corporation to supply LNG at the Port of Galveston.
The agreement expects deliveries to start in Q4 2027 from Stabilis's planned LNG facility in Galveston.
Carnival's agreement represents 55% of the facility's capacity, showing strong commercial momentum.
Offtake Agreement with Carnival
Stabilis signed a significant 10-year LNG supply agreement with Carnival Corporation, a major partner for the Galveston LNG project.
Commercial Momentum
The agreement with Carnival covers 55% of the planned facility's capacity, indicating strong interest and progress in the project.
Construction Progress
Stabilis is moving towards a Final Investment Decision in Q1 2026, having completed FEL-3 engineering design and equipment procurement.
- The agreement with Carnival enhances Stabilis's position in the LNG market and solidifies its presence in providing clean energy solutions.
- Securing long-term customer commitments demonstrates confidence in the Galveston LNG project, fostering potential growth opportunities.
Stabilis's partnership with Carnival Corporation marks a significant step towards their proposed Galveston LNG facility construction, showcasing strong industry partnerships and commercial viability.