Chart receives FNTP on Plaquemines Phase 1 LNG terminal project

Chart Industries, Inc. has received full notice to proceed (FNTP) for the production of cold boxes and brazed aluminum heat exchangers for Venture Global’s 10 MMtpy Plaquemines Phase 1 LNG export terminal project.

In conjunction with the FNTP, Chart booked the full equipment order of $136 MM for the Plaquemines project from Baker Hughes. Chart will begin recognizing revenue on this project in 2022 with a multi-year staggered delivery schedule.

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