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Stablis Solutions stock price soaring reason

by 포스트맨. 2022. 9. 21.

Stablis Solutions (SLNG)

Stabilis was founded in 2013 with the vision of providing low cost, abundant, and environmentally friendly natural gas solutions throughout North America. Today we are a leading producer, marketer and distributor of liquefied natural gas (LNG) and hydrogen, serving a wide range of customers with portable, temporary and permanent solutions.

Our customers use LNG and hydrogen in a variety of applications in the industrial, energy, mining, utilities and pipelines, commercial, and high horsepower transportation markets. LNG and hydrogen provide alternatives to traditional fuel sources, resulting in lower fuel costs and reduce harmful environmental emissions. Stabilis’ customers also use LNG as a “virtual pipeline” solution when natural gas pipelines are not available or volumes are curtailed.

Stabilis is headquartered in Houston, TX with a state-of-the-art LNG production facility in George West, TX. Together with our network of production and distribution partners, we’ve delivered more than 25,000 deliveries and over 250 million gallons of LNG across the U.S., Mexico and Canada.

 

Stabilis Solutions announced that they received DOE Approval to Export LNG.

DOE stands for US Department of Energy.

DOE Approval is the approval to export domestically produced liquified natural gas ("LNG) to all free trade and non-free trade countries. (This includes Asian, European, Latin American, ...)

They will export up to the equivalent of 51.75 billion cubic feet per year of LNG which is produced in US.

This authorization will be valid for 28 years.

 

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