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Seapath and Pilot LNG joint venture for LNG bunkering facility

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Molly Cooper

Journalist at Tank Storage Magazine.

Seapath, a maritime subsidiary of Libra Group, Seapth and clean energy solutions company, Pilot Energy have announced that they have formed a joint venture to develop, construct, and operate the first dedicated liquefied natural gas (LNG) bunkering facility in the Galveston Bay area, Texas, US.

A flag with a star on itWith operations beginning in mid-2026, the construction of the new facility will provide fuel for LNG-powered vessels. With an initial investment of approximately $150 million, Pilot and Seapath’s LNG bunkering facility will use their combined expertise to serve the needs of a vital global and U.S. trade corridor.

Led by LNG industry veterans with extensive experience on the terminal and marine side, Pilot aims to deliver LNG to new and existing markets across the U.S., including fuel/bunkering terminals and related infrastructure. This is the first in a series of planned strategic investments by Seapath and Pilot to create a network of LNG facilities in areas of unmet need in the U.S.

Jonathan Cook, CEO of Pilot says: ‘Seapath is dedicated to investing across the marine infrastructure space and will provide strong financial backing to Pilot’s LNG bunker projects. We look forward to working with Seapath in delivering this facility in a timely manner based on the extensive development work already completed. This project will meet the significant needs for LNG fuel, which also supports ongoing decarbonisation across the marine industry.’

‘The infrastructure under development will provide LNG to a growing market seeking cleaner marine fuel, particularly as customers look for economical ways to comply with tightening emissions regulations, including regulations set by the IMO in 2020,’ adds Seapath CEO Greg Otto.

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