Happy Tuesday!
The U.N. International Maritime
Organization (IMO) pledged to reduce greenhouse gases (GHG) emissions and designed
a strategy to attain zero-emissions by or around 2050 with deadlines in 2030
and 2040 to ensure the maritime industry reaches its goals, and this should be ratified
by them later this year; see our previous Blogs on the IMO for details. One of the first goals is for 2030 is for
vessels to start to implement using alternative fuels, and LNG is one of those
fuels. Galveston LNG Bunker Port, LLC
(GLBP) is one of the companies trying to help the maritime industry reach
their first goal.
We have a follow-up to an article
we blogged on back at the end of April 2024 on GLBP the company proposing
to build a LNG bunkering terminal on the shores of Galveston Bay; check it out our
Blog for details. GLBP is in the
news for their proposed facility and its status.
Did anyone happen to read MSN on
May 19, 2025, they had an article from Reuters titled, “First LNG ship
bunkering hub in the US Gulf Coast secures permits to start work”? In the article, it speaks about Galveston LNG Bunker Port, LLC (GLBP) a
joint venture has received their final permits from the U.S. Army Corps of
Engineers and the U.S. Coast Guard, and they will make their final investment
decision (FID) sometime this summer, and then they are expecting to start
building their LNG bunkering facility in the 3rd Quarter of 2025. GLBP’s proposed 140-acre natural gas
liquefication and storage facility will be located on Shoal Point in Texas City
on the shores of Galveston Bay, and it has an estimated cost of $300 million. The first stage of the project is expected to
produce 360,000 gallons per day (gpd) and be operational in 2027, and the
second stage the facility is expected to reach its operational capacity of
720,000 gpd and be completed around year later. GLBP is a joint venture joining Pilot
LNG and Seapath. GLBP has a
vision of a liquefied natural gas (LNG) bunker terminal which will be a local
supplier of alternative marine fuel for the area to help the shipping industry meet
the IMO’s goals for emissions and decarbonization. Earlier this year LNG was approved for
bunkering without an export license for American ports and boundary waters
which helped this project. We wish them
luck on them making their FID and starting construction on their project this
year! If you would like to read more of the
reprint article from Reuters published on MSN, please click the
link: First LNG ship bunkering hub in US Gulf Coast secures permits to start work.
If you would
like help in looking into how to transport your product efficiently, safely, and
with less of a carbon footprint from your terminal or just find out what is
underneath your feet to help with your emission reduction goals, contact us via
email in the Blog and check out our ESC website!
We hope you have a wonderful evening and a productive week!
**Disclaimer: You may be charged a fee to read the
article on MSN. **