Cheniere Achieves First LNG at the Corpus Christi Stage 3 Project
Chart Industries (NYSE: GTLS) has announced that Cheniere Energy (NYSE: LNG) achieved its first LNG production from Train 1 of the Corpus Christi Stage 3 Liquefaction Project.
Sentiment and the balance of points
Rhea-AI Sentiment reads the wording of the document, how positive or negative its language is on a 1 to 5 scale. The balance of points shown with the takes weighs what the document actually discloses, so the two can disagree, for example when a trial that missed its main goal is described in upbeat language.
Rhea-AI Summary
Chart Industries (NYSE: GTLS) has announced that Cheniere Energy (NYSE: LNG) achieved its first LNG production from Train 1 of the Corpus Christi Stage 3 Liquefaction Project. Chart is supporting the project with its IPSMR® process technology for LNG Liquefaction and associated equipment. The commissioning process is ongoing, with substantial completion expected by the end of Q1 2025, which is more than six months ahead of the guaranteed completion date. Upon completion, Bechtel will transfer control of the train to Cheniere.
Positive
- Project completion expected over 6 months ahead of schedule
- Successfully deployed IPSMR® technology in major LNG project
- Strategic partnership with industry leader Cheniere Energy
Negative
- None.
Details
News Market Reaction – GTLS
The recorded move for GTLS in the trading session of this news was +0.13%.
Data tracked by StockTitan Argus. Session date unavailable.
AI-generated analysis. How Rhea-AI works. Not financial advice.
ATLANTA, Dec. 31, 2024 (GLOBE NEWSWIRE) -- Chart Industries, Inc. (NYSE: GTLS) (“Chart”) congratulates Cheniere Energy, Inc. (“Cheniere”) (NYSE: LNG) on achieving their first liquefied natural gas (“LNG”) production from the first train (“Train 1”) of the Cheniere’s Corpus Christi Stage 3 Liquefaction Project (“CCL Stage 3”).
Chart is pleased to support the CCL Stage 3 project and Cheniere and Bechtel Energy, Inc. (“Bechtel”) with our IPSMR® process technology for LNG Liquefaction and associated equipment.
The commissioning process continues, and Cheniere expects substantial completion of Train 1 to be achieved at the end of the first quarter of 2025, over six months ahead of the guaranteed completion date. Upon substantial completion, Bechtel will transfer care, custody and control of the completed train to Cheniere.
About Chart Industries
Chart Industries, Inc. is a global leader in the design, engineering, and manufacturing of process technologies and equipment for gas and liquid molecule handling for the Nexus of Clean™ – clean power, clean water, clean food, and clean industrials, regardless of molecule. The company’s unique product and solution portfolio across stationary and rotating equipment is used in every phase of the liquid gas supply chain, including engineering, service and repair and from installation to preventive maintenance and digital monitoring. Chart is a leading provider of technology, equipment and services related to liquefied natural gas, hydrogen, biogas and CO2 capture amongst other applications. Chart is committed to excellence in environmental, social and corporate governance (ESG) issues both for its company as well as its customers. With 64 global manufacturing locations and over 50 service centers from the United States to Asia, Australia, India, Europe and South America, the company maintains accountability and transparency to its team members, suppliers, customers and communities. To learn more, visit www.chartindustries.com.
Investor Relations Contact – Chart Industries:
John Walsh
SVP, Investor and Government Relations
770-721-8899
john.walsh@chartindustries.com
This press release was published by a CLEAR® Verified individual.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.