Chart Industries, Inc. has announced that its Distribution & Storage (“D&S”) business in China has been awarded a new contract in the LNG sector.
The contract is to provide liquefied natural gas (“LNG”) fueling stations, self-contained LNG station modules, storage tanks and trailers for LNG service to PetroChina Hua Gang Gas Group Co. Ltd., a joint venture between PetroChina Huabei Oilfield Company and PetroChina’s Kunlun Energy Company. This equipment supports PetroChina’s expansion of its growing LNG infrastructure in China.
The contract value of this order is in excess of $45m and is in addition to the $40m PetroChina order the company previously announced in February. “This award highlights the continuing LNG infrastructure build-out that has been occurring in China and we are very pleased PetroChina again has chosen Chart as an integral part of their LNG projects,” stated Tom Carey, President of Chart’s D&S Group. This new order will be included in the company’s second quarter 2013 orders and backlog.
Chart is a leading independent global manufacturer of highly engineered equipment used in the production, storage and end-use of hydrocarbon and industrial gases. The majority of Chart’s products are used throughout the liquid gas supply chain for purification, liquefaction, distribution, storage and end-use applications, the largest portion of which are energy-related. Chart has domestic operations across the United States and an international presence in Asia, Australia and Europe.