LNG

US company Argent LNG, with plans to develop a liquefaction plant at Port Fourchon in Louisiana, has selected Chart Industries to supply modular processing equipment.

Argent is proposing a facility at a 144-acre site west of Belle Pass on the Louisiana Gulf Coast with an initial capacity of 10 million tonnes per annum which could be doubled.

The Argent plant will feature modules and the volumes produced would be targeted at the LNG maritime fuel market.

These include the next-generation of LNG-powered Offshore Supply Vessels (OSVs) in the Gulf of Mexico.

Atlanta, Georgia-based Chart will be supplying its Integrated Pre-Cooled Single Mixed Refrigerant (IPSMR®) processing technology to the Louisiana plant.

Advantages

“Chart’s IPSMR sets a new standard for efficiency and performance in liquefaction, surpassing conventional technologies and enabling Argent LNG to tailor its liquefaction systems precisely to site-specific conditions,” explained Chart.

Chart said that its equipment has the capability to optimize the matching of gas turbine power with single cold box capacity, ensuring maximum operational efficiency and cost-effectiveness.

“We are excited to embark on this transformative journey with Chart Industries,” said Jonathan Bass, CEO at Argent LNG.

“Their mid-scale modular model perfectly aligns with our vision for an agile and efficient LNG facility,” stated Bass.

“The technology's superior performance will empower us to optimize operations and deliver a compelling, competitive solution to the market, which is scheduled to come online in 2029-2030,” added Bass.

Chart has listed the advantages of its technology including cost and the ease of fine-tuning system configuration while maintaining high performance standards.

Engineering start

“We are excited to partner with Argent LNG to provide our IPSMR® technology, brazed aluminum heat exchangers, coldboxes and air coolers,” stated Jill Evanko, Chart’s Chief Executive and President.

“Argent is strategically optimising a 20 MTPA LNG facility by moving entirely to modular, resulting in a smaller footprint, higher efficiency and less cost, and therefore offering their customers the most efficient and effective solution,” Evanko added.

Chart said it had begun engineering work related to the Argent project and anticipated booking an IPSMR® technology and equipment order in 2025.

US LNG and industrial gases company Air Products recorded 37 percent rise in fiscal first-quarter net income and expects to spend up to $4.5 billion in 2020 on projects while also planning its largest US investment on the Gulf Coast.

German technology has been chosen for the first floating liquefaction and export plants being developed offshore Senegal and Mauritania in West Africa by BP of the UK and Dallas-based Kosmos Energy.

Air Products, the US maker of LNG processing equipment and a leading industrial gases provider and plant developer, reported a 13.4 percent rise in fiscal quarterly net income from continuing operations as sales declined 2 percent from a high base to $2.2 billion.

July 11 (LNGJ) - Russian natural gas company and Yamal LNG plant operator Novatek and JSC Atomenergomash, a mechanical engineering division of Russia’s nuclear body Rosatom State Corp., have signed a memorandum of understanding on forming a strategic partnership for localizing the fabrication of equipment for LNG production

   The accord notes the results already achieved on the fabrication of coil-wound heat exchangers and medium-tonnage cryogenic pumps and establishes obligations for both parties to cooperate on the design, manufacture and testing of high-tonnage cryogenic pumps. Novatek and Atomenergomash said they intended to pursue long-term cooperation to localize the fabrication of pumps, heat exchangers and other equipment for Novatek’s LNG projects at the facilities of Atomenergomash, which manufactures components for all Russian-design nuclear power plants currently under construction in Russia and elsewhere.

Air Products, the leading US liquefied natural gas equipment-maker and industrial gases company, reported an increase in income from operations at it pursued its role in LNG worldwide and in industrial gases projects in Saudi Arabia and China.