Market Overview

Chart E&C Receives LNG Liquefaction Plant Order From Stabilis FHR

Chart Industries (NASDAQ: GTLS), today announced that Stabilis FHR Oilfield LNG LLC, a venture between Stabilis Energy LLC and Flint Hills Resources, LLC ("Stabilis FHR"), has awarded Chart's wholly-owned subsidiary, Chart Energy & Chemicals, Inc. ("Chart E&C"), a contract to provide its standard C100N liquefaction plant. The plant, which is designed to produce 100,000 gallons of liquefied natural gas ("LNG") per day, will be located in George West, Texas and is expected to commence production in January 2015 for high horsepower oilfield fuel applications in the Eagle Ford Shale.

The contract also provides a framework for Stabilis FHR to purchase up to four additional LNG liquefaction facilities from Chart E&C, for rapid deployment as Stabilis FHR executes on its plan to build additional LNG liquefiers serving oilfield fuel consumers. Chart E&C has reserved production slots for these additional plants. Stabilis FHR plans to commence production at these additional facilities between 2015 and 2017.

The four additional LNG liquefaction plants will be able to produce either 100,000 gallons or 250,000 gallons per day. All the plants are complete package solutions for the liquefaction of natural gas and feature Chart E&C's proprietary liquefaction technology. Key equipment

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Posted-In: News Guidance Contracts Management Global

 

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