Chart Industries, the US LNG equipment-maker and industrial gases technology company, said it was given full notice to proceed on its processing and equipment activities for Cheniere Energy’s Corpus Christi Stage Three LNG expansion project.
The Corpus Christi expansion will consist of up to seven mid-scale Trains, each with an expected liquefaction capacity of about 1.49 mtpa with a total production capacity of more than 10 million tons per annum (mtpa). The existing Corpus Christy facility has nameplate capacity of 13.5 mtpa from three Trains.
In conjunction with the FNTP, Chart said it had booked an order valued at over $260 million, which is in addition to the approximately $50 million already in backlog as of the end of March for this project. The orders were received from Bechtel Inc, the lead engineer in the expansion of Cheniere’s Texas plant.
Chart said it would begin recognizing revenue on the Corpus Christi project in 2022 with a multi-year staggered delivery schedule for its equipment, including its IPMSR® processing technology.
Adding a “known team”
Atlanta-based Chart Industries stated it believes the acquisition will “benefit its growing order base in the ‘Big LNG’ and small-scale LNG sectors in the US and elsewhere.” With over 20 years of experience in liquefaction, heat exchangers and cold boxes, Fronti adds a known team to expand Chart’s cold-box manufacturing capacity and capability.
Fronti, purchased by Chart for $20 million, also supplies newbuild pressure vessels and performs repairs.
Chart's recent equipment orders from Gulf Coast LNG export projects have also included provisions for Venture Global’s Plaquemines Phase 1 project for 10 MTPA of LNG at a Louisiana site on the Mississippi River south of New Orleans. Additionally, Chart said the Driftwood project in Louisiana being developed by Houston-based Tellurian Inc. is anticipated to include over $350 million of Chart content.
Chart itself continues to grow its technology and services offerings and completed the acquisition at the start of June 2022 of Fronti Fabrications Inc., a specialist in engineering, machining and welding for the cryogenic and gas sectors.