Market Overview

Chart Industries Awarded Contract to Build 20 LNG Fueling Stations

Chart Industries (NASDAQ: GTLS) announced today that it has been awarded a contract in the third quarter by a major oil company to build and commission 20 retail liquefied natural gas (LNG) fueling stations across North America.

The 20 LNG fueling stations will be built at existing truck stop sites with the intention of adding dispensers alongside existing diesel fueling lanes. The order has been reflected in third quarter 2013 ending backlog with completion expected by the second quarter of 2015.

"After developing core technologies for vehicle fueling 20 years ago, it's gratifying to see acceleration in fueling station deployment," said Bill Haukoos, Chart D&S Vice President, Global LNG Products. "We look forward to working closely with our customers at the forefront of development in the LNG market – a critical step in enhancing both nationwide infrastructure and availability of LNG."

Chart is an integrated supplier and worldwide leader in LNG equipment for the transportation and energy industries. For more information about how Chart addresses the entire LNG value chain – liquefaction, distribution, storage

See full press release

Posted-In: News Guidance Offerings Contracts Management Global

 

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