Chart books USD10 M order for utility-scale LNG project

Chart Industries, Inc., a leading diversified global manufacturer of highly engineered equipment for the industrial gas and energy industries, has booked a USD10.4 M order for the liquefier, compressor, and tank equipment content on a utility-scale liquefied natural gas (LNG) project in the Northeast United States.

The small-scale LNG (“ssLNG”) and utility-scale LNG markets serve a different customer set than mid-scale and base-load export terminal operators. These smaller liquefaction plants typically have a production capacity of less than 500,000 tons per year and serve specific uses such as marine bunkering, fuel for over the road transport, and power generation in targeted locations. Utility clients are moving toward LNG as an option for a peak capacity market demand solution in gas pipeline constrained areas such as the East Coast of the United States. This is a natural solution for geographies that have distribution system growth while unable to add incremental capacity.

Small-scale and utility-scale LNG is projected to grow to between 75 M and 95 M tons by 2030.

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