Seapath, a subsidiary of Libra Group, and Houston-based Pilot LNG have formed a joint venture to develop, construct, and operate the first dedicated liquefied natural gas (LNG) bunkering facility in the Galveston Bay area.
With operations slated to begin in mid-2026, the construction is expected to cost $150m. A final investment decision on the project is expected by the second half of 2024.