US LNG equipment-maker Chart Industries gets notice to proceed with Louisiana plant order

Thursday, 22 August 2019
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Chart Industries, the US LNG equipment maker, said it received full notice to proceed for the production of cold boxes and brazed aluminum heat-exchangers for Venture Global’s Calcasieu Pass liquefied natural gas export project.

Calcasieu Pass will produce more than 10 million tonnes per annum of LNG and is expected to come on stream in 2022, along with associated facilities, including the TransCameron Pipeline.

Arlington, Virginia-based Venture Global is also advancing with the Plaquemines LNG export venture sited near river mile-marker 55 on the west side of the Mississippi River, 30 miles south of New Orleans.

Chart noted that this week Venture Global announced the final investment decision and the closing of the project financing for its Calcasieu Pass facility in Cameron Parish, Louisiana.

At the end of March 2019, Chart booked the full equipment order of $135 million for the Calcasieu project from Baker Hughes-GE.

BH-GE had been awarded a contract and granted notice to proceed on the construction of a comprehensive LNG technology solution for the Calcasieu Pass project.

Chart will deliver the equipment on a multi-year schedule in conjunction with BH-GE and Kiewit.

“We are proud to be part of Venture Global’s unique and innovative Calcasieu Pass project and overall LNG model,” stated Jill Evanko, Chart’s President and Chief Executive.

“In conjunction with our strong partners on this project, we will provide the highest quality cold boxes and heat exchangers on schedule from our Wisconsin and Louisiana facilities,” added Evanko.

Venture Global is controlled by former investment banker Michael Sabel and lawyer Robert Pender, who act as joint chief executives.

They are additionally making progress with a third project, the Delta plant with a site also on the Mississippi River.

The Delta liquefaction facility and its associated pipeline would have output capacity of 24 MTPA.

The proposed Delta and Plaquemines plants are stand-alone projects with no shared facilities and are under different development schedules.

 

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