Market Intelligence
Galveston Approves Lease for Power LNG Production and Bunkering Hub
The Galveston Wharves Board of Trustees has agreed to a lease and development deal with Power LNG to establish local production and vessel bunkering capabilities.
The Galveston Wharves Board of Trustees has cleared a lease and development agreement with Power LNG, clearing the path for new maritime fuel infrastructure at the port.
The partnership is designed to establish liquefied natural gas production on site alongside commercial marine bunkering operations to serve the sector.
The initiative is anticipated to deliver the location's first dedicated LNG bunkering facilities, expanding alternative fuel availability for vessels calling at the port.
Source attribution
Galveston Approves Lease for LNG Operation with Production and BunkeringGlobal Freight Briefing
The commodity and freight brief, twice weekly
Concise coverage of fuel oil, energy trading and shipping markets for professional readers. No promotional content.