Chart E&C Receives LNG Liquefaction Equipment Order for Magnolia LNG Project

abarrelfullabarrelfull wrote on 29 Sep 2015 07:59
Tags: chart engineering lng n-america usa

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Chart Industries, Inc. (Chart) (Nasdaq:GTLS) today announced that Magnolia LNG, a subsidiary company of Liquefied Natural Gas Limited, has awarded its wholly-owned subsidiary, Chart Energy & Chemicals, Inc., contracts in excess of $40 million for the supply of brazed aluminum heat exchangers (BAHX), Core-in-Kettle® exchangers and cold boxes for its mid-scale LNG project at Lake Charles, Louisiana.

This initial award consists of two identical trains, each with a nominal LNG production capacity of 2.0 million metric tons per annum (MMTPA), that combine Chart’s proven BAHX, Core-in-Kettle® and cold box technologies into an integrated system to support the delivery of North American natural gas as a competitively priced, prolific domestic and export resource. It is anticipated that a further award will be confirmed, by the latest, the first quarter of 2016 for an additional two trains, which would take the overall plant capacity to 8.0 MMTPA. All Chart equipment will be engineered and built in the U.S., with Chart’s waterside cold box fabrication facility, in New Iberia, Louisiana, located close to the project site.

“We are delighted with this award which is further demonstration of the benefits of a multi-train, modular concept, crucial in delivering the project aim of LNG to market in 2018. Establishing standardized, repeatable plant designs, centred on Chart’s BAHX technology, also lays the foundation for the fulfilment of future projects and opportunities for LNG Limited and Chart,” commented Mike Durkin, President of Chart Energy & Chemicals.

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