Stabilis Energy Expands Mexican Presence with Opening of LNG Transportation Hub in Northeastern Mexico
HOUSTON, TX / ACCESSWIRE / December 12, 2019 / Stabilis Energy, Inc. (OTCQX:SLNG) ("Stabilis") today announced the expansion of its Mexican liquefied natural gas ("LNG") business by opening an LNG transportation hub in Colombia, Nuevo León to serve Northeastern Mexico.
The transportation hub, located directly across the border from Laredo, Texas, will facilitate the delivery of up to 50,000 LNG gallons per day to our customers in Northeastern Mexico. LNG will be supplied by the Stabilis liquefaction facility in George West, Texas. The transportation hub will increase supply security to Stabilis customers by reducing border crossing and related logistics risks.
"Stabilis is pleased to improve access to clean, inexpensive natural gas to customers throughout Northeastern Mexico," commented Jim Reddinger, President and Chief Executive Officer of Stabilis. "This transportation hub is our first step in building a reliable, cost effective distributed natural gas network throughout Mexico."
The transportation hub is open for business. Customers can contact Stabilis at info@stabilisenergy.com or +1-866 LNG FUEL (564-3835) for more information or to place an order.
Stabilis recently formed a joint venture with CryoMex Investment Group LLC to pursue investments in distributed natural gas production and distribution assets in Mexico. CryoMex is led by Grupo CLISA, a Monterrey, Mexico-based developer and operator of businesses in multiple end markets including energy.
A business update call will be held on Wednesday, December 18, 2019 at 10:00 a.m. eastern time (9:00 a.m. central). Individuals in the United States and Canada who wish to participate in the conference call should dial +1 844-369-8770. International callers should dial +1 862-298-0840.
A replay of the call will be available until December 24, 2019. Individuals in the United States and Canada who wish to listen to the replay should dial +1 877-481-4010; passcode 56889. International callers should dial +1 919-882-2331; passcode 56889
A replay of the call also will be available on the Stabilis website (www.stabilisenergy.com).
About Stabilis Energy
Stabilis Energy, Inc. is a vertically integrated provider of clean natural gas fueling solutions to multiple North American end markets. We have safely delivered over 200 million gallons of liquefied natural gas ("LNG") through more than 20,000 truck deliveries during our 15-year operating history, which we believe makes us one of the largest and most experienced small-scale LNG providers in North America. We provide LNG to customers in diverse end markets, including the industrial, energy, mining, utility, pipeline, commercial, and high horsepower transportation markets. Our customers use LNG as an alternative to traditional fuel sources, such as distillate fuel oil and propane, to lower fuel costs and reduce harmful environmental emissions. Our customers also use LNG as a "virtual pipeline" solution when natural gas pipelines are not available or are curtailed. To learn more, visit www.stabilisenergy.com.
Forward-Looking Statements
This press release includes "forward-looking statements" within the meaning of the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995 and within the meaning of Section 27a of the Securities Act of 1933, as amended, and Section 21e of the Securities Exchange Act of 1934, as amended. Any actual results may differ materially from expectations, estimates and projections presented or implied and, consequently, you should not rely on these forward-looking statements as predictions of future events. Words such as "anticipate", "can", "believes," "expects," "could," "could be," "will," "will be," "plan," "may," "should," "predicts," "potential" and similar expressions are intended to identify such forward-looking statements.
Such forward-looking statements relate to future events or future performance, but reflect the parties' current beliefs, based on information currently available. Most of these factors are outside the parties' control and are difficult to predict. A number of factors could cause actual events, performance or results to differ materially from the events, performance and results discussed in the forward-looking statements. Factors that may cause such differences include, among other things: the future performance of Stabilis, future demand for and price of LNG, availability and price of natural gas, compliance with environmental and other regulations, the availability and cost of capital, unexpected costs, and general economic conditions.
The foregoing list of factors is not exclusive. Additional information concerning these and other risk factors is contained in our Prospectus filed with the Securities and Exchange Commission on November, 8, 2019 and "Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations" in Part I of our most recent quarterly report on Form 10‐Q, as updated in our subsequent quarterly reports on Form 10‐Q and annual reports on Form 10‐K, which are available on the SEC's website at www.sec.gov or on the Investors section of our website at www.stabilisenergy.com. All subsequent written and oral forward-looking statements concerning Stabilis, or other matters attributable to Stabilis, or any person acting on its behalf are expressly qualified in their entirety by the cautionary statements above. Readers are cautioned not to place undue reliance upon any forward-looking statements, which speak only as of the date made.
Stabilis does not undertake or accept any obligation or undertaking to release publicly any updates or revisions to any forward-looking statement to reflect any change in their expectations or any change in events, conditions or circumstances on which any such statement is based, except as required by law.
Stabilis Contact:
Andrew Puhala
Chief Financial Officer
832-456-6500
ir@stabilisenergy.com
SOURCE: Stabilis Energy
View source version on accesswire.com:
https://www.accesswire.com/570076/Stabilis-Energy-Expands-Mexican-Presence-with-Opening-of-LNG-Transportation-Hub-in-Northeastern-Mexico
