Stabilis Opens West Texas LNG Fuel Depot; Completes Prometheus Acquisition

| USA: Beaumont TX

Stabilis LNG Depot opens Odessa TXStabilis Energy (Stabilis), a supplier of liquefied natural gas (LNG) to the industrial, midstream, and oilfield sectors in North America, has opened a 40,000 gallon liquefied natural gas (LNG) fuel depot in Odessa, TX.  The LNG fuel depot will provide customers with convenient 24-hour access to LNG and related services.

“We are pleased to announce the opening of our West Texas LNG fuel depot,” said Steve Stump, Vice President of Sales at Stabilis Energy.  “Stabilis is committed to providing our customers with the most convenient, reliable, and cost effective LNG fuel solutions.  This fuel depot will serve our existing West Texas customers and make Stabilis LNG more readily available for new applications.”

“This fuel depot signals Stabilis’ commitment to providing reliable and cost effective LNG solutions to the West Texas market,” continued Jim Reddinger, President and CFO of Stabilis Energy.  “In addition to installing the fuel depot, Stabilis continues evaluate LNG production opportunities in West Texas.”

Prometheus Acquisition

Earlier this month, Stabilis announced it had completed the acquisition of a majority interest in Prometheus Energy. The acquisition combines two of the leading LNG production and distribution companies to form a full-service LNG provider capable of delivering LNG to customers in any end market and location in North America.

Prometheus provides mobile and stationary LNG solutions to industrial, utility, pipeline, high-horsepower and other remote customers and will operate as the independent LNG distribution subsidiary of Stabilis.

Source: Stabilis Energy

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