Stabilis Solutions Inc. has entered a 10-year offtake agreement with cruise line operators Carnival Corporation to supply liquified natural gas to Carnival’s operations at the Port of Galveston.
Among the vessels expected to fuel at Galveston is the 1,132’x137’, 182,015 gwt Carnival Jubilee, the first LNG-powered cruise ship to homeport in Galveston.
Stabilis plans to deliver LNG from a planned flagship LNG liquefaction facility in Galveston using a Jones Act-compliant LNG bunkering vessel. The agreement calls for deliveries starting in the fourth quarter of 2027, subject to the successful financing and construction of the Galveston LNG facility and other conditions precedent.
The agreement with Carnival is a second anchor offtake agreement announced to date in connection with Stabilis’ Galveston LNG project, and would bring the total contracted offtake to approximately 55% of the facility's planned capacity.
"Our multi-year LNG bunkering agreement with Carnival Corporation marks another meaningful milestone as we advance toward construction of our proposed Galveston LNG facility," said Casey Crenshaw, Stabilis executive chairman, interim president and chief executive officer.
"With long-term customer commitments now in place for approximately 55% of the facility's planned capacity, we continue to see strong commercial momentum and expanding interest from a broad range of potential customers."
"Stabilis has been a trusted partner for the past two years, supporting our successful fueling for LNG cruise ship operations in Galveston. We are excited to expand our partnership with Stabilis, reinforcing our shared commitment to delivering safe and reliable LNG supply to our fleet," said Michael McNamara, vice president Global Fuel Supply.
Stabilis is continuing to work with advisors and financing partners, in advance of a final investment decision during the first quarter of 2026. So far Stabilis has completed FEL-3 engineering design and secured long-lead equipment for the project, consistent with its planned construction schedule.
The cruise industry forecasts 26 LNG-powered cruise ships by 2027,” according to Galveston port officials. “Carnival, Royal Caribbean and Disney cruise lines all have plans for greener, more efficient ships. According to the Cruise Lines International Association (CLIA), LNG helps reduce a cruise ship’s carbon emissions by approximately 30%.”
In October 2025 Stabilis announced that it had a 10-year agreement with Global Fuel Supply, marking Stablis’ first marine bunkering contract for liquefaction supply from its planned expansion along the Texas Gulf Coast. The agreement called to supply approximately 50 million gals. (188,000 cubic meters) per year of LNG for marine bunkering operations in the Port of Galveston. Deliveries under the agreement are expected to commence in the fourth quarter of 2027, subject to the successful financing and construction of the Galveston LNG facility and other conditions precedent.
The proposed Galveston LNG facility is expected to be a 350,000 gallon-per-day waterfront LNG liquefaction facility. Upon completion, the facility is anticipated to increase Stabilis' liquefaction capacity from 130,000 gals. per day from its two existing liquefaction facilities to 480,000 gals. per day.
