Stabilis Solutions to support energy crisis following LNG export
Stabilis Solutions to support energy crisis following LNG export approval
https://www.gasworld.com/stabilis-solutions-to-support-energy-crisis-following-lng-export-approval/2023813.article
Energy transition company Stabilis Solutions (Stabilis) has received full approval from the US 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.
As per the order, Stabilis will have the authority to export up to 51.75bcf (billion cubic feet) per year of domestically produced LNG) for a period of 28 years?
The approval will support countries hardest hit by the world energy crisis accelerated by the ongoing Russia-Ukraine war.?
“The DOE’s approval provides us with the ability to assist in the world’s current energy crisis well as longer term capability to facilitate the world’s transition to cleaner energy sources,” said West Ballard, President & CEO, Stabilis.?
Typically dependent on Russia for around 40% of its LNG supply, EU countries have sought to decrease reliance on Russian natural gas over the past several months.?
As part of its drive for energy independence, Germany has chartered five floating storage and regasification units (FSRUs) which will have a total annual importing capacity of about 25bcm (billion cubic metres).
