Chart bags new LNG contracts

US-based Chart Industries has booked multiple liquefied natural gas (LNG) orders for its equipment.

Chart said in a statement issued on December 28 that the orders include a large LNG project, small-scale LNG, floating LNG, and repair and service work.

The firm said it would provide is IPSMR liquefaction technology for two modular trains of a multi-train international big LNG project.

Chart said this project is not related to the international big LNG IPSMR project that was referenced in its third-quarter results which is expected to be added to backlog about one year from now.

The firm did not provide any additional details regarding the new project.

Chart previously said in its third-quarter report that it has booked two big LNG orders during the first nine months of this year. The firm did not receive any big LNG orders in the third quarter.

It won orders worth $2.78 billion in 2022, including three big LNG orders (greater than 5 mtpa) worth a total of $620.7 million.

These orders included $135.5 million for the first phase of Venture Global LNG’s Plaquemines LNG export plant and $137.2 for the second stage of the same project.

In addition, the firm booked orders for its IPMSR process and equipment activities worth $348 million for the expansion project at Cheniere’s Corpus Christi LNG export plant in Texas.

Mid-scale, small-scale, floating LNG

Besides the large LNG project, Chart recently received an order for its IPSMR liquefaction technology for a mid-scale plant in Asia Pacific, it said on Thursday.

The company also booked an order for North American small-scale LNG nitrogen cycle technology and associated equipment, and various LNG infrastructure related orders, including tanks, fueling stations in Europe, and Morocco’s first LNG regasification units.

In addition, Chart won repair and service work at a Middle East LNG project, it said.

“As anticipated, we continue to see strong market and award activity across the four pillars of our LNG strategy, including big LNG, small-scale and floating LNG, infrastructure, and service and repair,” Chart’s CEO and president, Jill Evanko, said in the statement.

“Not only do our recent orders cover all four LNG categories, but they include commercial synergy wins with both Chart and Howden content. Further, our LNG commercial pipeline remains strong as we see a clear shift in customers’ preference for our modular solution which drives multiple awards across many years as projects are developed,” Evanko said.

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