Power LNG, LLC and Énestas, S. de R.L. de C.V., one of Mexico's leading LNG infrastructure and downstream natural gas companies, have announced the execution of definitive agreements establishing a strategic partnership to accelerate the development of LNG infrastructure at the Port of Galveston.
Under the agreement, Énestas will provide capital, LNG transportation and storage equipment, and downstream operating expertise to support the development of the Harborside Terminal and Project Seawolf, Power LNG's planned LNG liquefaction and marine bunkering facility on Pelican Island.
The partnership creates an immediate pathway to begin LNG distribution by truck while Project Seawolf is under development, supporting marine fuelling, virtual pipeline customers, industrial users, and LNG exports throughout the Gulf Coast, Latin America, and the Caribbean.
“Our vision has always been to establish Galveston as the premier LNG hub for the Gulf Coast, said Austin Terry, Founder and CEO of Power LNG. “Énestas brings years of operational experience, proven LNG infrastructure, and a talented team that understands how to deliver LNG safely and efficiently. Together, we can immediately begin serving customers while laying the foundation for one of the most strategic LNG bunkering facilities in North America.”
Project Seawolf will provide LNG for marine bunkering, truck loading, virtual pipeline distribution, and international exports. The facility is strategically located at the Port of Galveston, serving one of the fastest-growing cruise, cargo, and energy corridors in the US.
For Énestas, the transaction represents an important milestone in the company's international growth strategy.
“This partnership represents a natural evolution for Énestas as we expand our downstream LNG business into the US,” added Caio Zapata, CEO of Énestas. “For more than a decade, Énestas has developed and operated LNG infrastructure throughout Mexico, helping customers transition to cleaner, more reliable energy. Partnering with Power LNG allows us to leverage that experience in one of the most attractive LNG markets in North America. We see tremendous opportunities in marine bunkering, virtual pipeline logistics, industrial LNG supply, and exports to Latin America and the Caribbean, and we are excited to build that future together.”
The companies expect the partnership to support near-term LNG truck loading operations while advancing the long-term development of Project Seawolf, which is designed to become a regional hub for LNG production, marine fuelling, and distribution.
The collaboration also establishes a platform to pursue additional downstream LNG opportunities throughout the Gulf Coast, utilising Énestas' operational expertise together with Power LNG's project development capabilities.