Galveston LNG Bunkering Hub in Line for US Exim Funds
Houston-based Pilot LNG said earlier this month it had received a letter of interest from the US Export-Import Bank (Exim) for financing for development and front-end engineering and design work at its proposed Galveston LNG bunkering project in Texas.
The proposed bunkering hub on Pelican Island will provide LNG for maritime fuelling at one of the largest port complexes in the US. Pilot LNG in December filed a preliminary waterway suitability assessment application for the facility with the US Coast Guard. Full approval and a final investment decision on the project is expected in late 2021 or early 2022.
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Pilot LNG also signed a heads of agreement in October last year with GAC Bunker Fuels on LNG supply from the bunkering site. The deal would see Pilot LNG provide GAC with LNG on a delivered ex-ship basis for the latter's customers in the ports of Houston, Galveston and Texas City.