After announcing borderline astonishing quarterly fiscal results, the industrial gas and hydrocarbon specialist, Chart Industries, Inc., has publicised a contract to provide equipment for a baseload LNG project in Eastern Australia.

In an official press release issued today, Chart revealed that the initial contract value is ine excess of $40m, and represents a single train providing 4.5m tons per annum (MTPA) of LNG.

The firm also disclosed an option for the customer to order a second 4.5 MTPA train. Mike Durkin, President of Chart E&C, commented, “We are very pleased to receive the award for this world-scale LNG plant to be built in Australia and look forward to working again with our EPC and energy company partners on this project.”

Within the contract terms, Chart’s wholly owned subsidiary, Chart Energy & Chemicals, Inc. will provide Brazed Aluminium Heat Exchangers, Cold Boxes and Core-in-Kettle® units.

The subsidiary's facilities in La Crosse, Wisconsin and The Woodlands, Texas, will play a significant role in equipment design and manufacture. Meanwhile, Chart’s Gulf Coast facility in New Iberia, Louisiana, will be responsible for the cold box fabrication and assembly.