Chart Industries Inc. has received full notice to proceed (FNTP) for its IPMSR® process and equipment activities to be used in Cheniere’s Corpus Christi Stage Three LNG export terminal project.
In conjunction with the FNTP, Chart booked an order valued at over US$260 million, which is in addition to the approximately US$50 million already in backlog as of 31 March 2022 for this project. The orders were received from Bechtel.
In a statement, Chart said that it will begin recognising revenue on this project in 2022 with a multi-year staggered delivery schedule.