Chart Industries congratulates Cheniere Energy on LNG production from Corpus Christi's first train, aided by its IPSMR technology.
Quiver AI Summary
Chart Industries, Inc. congratulates Cheniere Energy, Inc. on the successful first liquefied natural gas production from Train 1 of Cheniere's Corpus Christi Stage 3 Liquefaction Project. Chart is providing its IPSMR process technology and related equipment to support this project in collaboration with Bechtel Energy, Inc. Cheniere anticipates substantial completion of Train 1 by the end of the first quarter of 2025, ahead of schedule. Chart Industries is a leader in designing and manufacturing processes and equipment for gas and liquid molecule handling, with a commitment to environmental, social, and corporate governance. The company operates globally with numerous manufacturing and service locations, ensuring accountability and transparency within its operations.
Potential Positives
- Chart Industries is recognized for supporting Cheniere Energy's CCL Stage 3 project, highlighting its expertise and influence in the liquefied natural gas industry.
- The significant progress reported by Cheniere, achieving LNG production ahead of schedule, reflects positively on Chart's technology and equipment used in the project.
- Chart's involvement demonstrates its commitment to clean energy initiatives, aligning with its corporate mission related to clean power and sustainability.
Potential Negatives
- Chart Industries' reliance on the successful completion of Cheniere's project may indicate vulnerability; if delays or issues arise, it could negatively impact their reputation and financial outcomes.
FAQ
What is the purpose of Chart Industries' press release?
Chart Industries congratulates Cheniere Energy on their first LNG production from the Corpus Christi Stage 3 project.
What technology is Chart providing for the CCL Stage 3 project?
Chart is supplying its IPSMR process technology for LNG liquefaction and related equipment for the project.
When is Cheniere expected to complete Train 1 of the project?
Cheniere anticipates substantial completion of Train 1 by the end of the first quarter of 2025.
How does Chart Industries support environmental sustainability?
Chart is committed to excellence in environmental, social, and corporate governance (ESG) issues across its operations.
Where can more information about Chart Industries be found?
More information about Chart Industries is available at their official website: .
Disclaimer: This is an AI-generated summary of a press release distributed by GlobeNewswire. The model used to summarize this release may make mistakes. See the full release here.
$GTLS Insider Trading Activity
$GTLS insiders have traded $GTLS stock on the open market 6 times in the past 6 months. Of those trades, 6 have been purchases and 0 have been sales.
Here's a breakdown of recent trading of $GTLS stock by insiders over the last 6 months:
- JILLIAN C. EVANKO (President and CEO) has traded it 2 times. They made 2 purchases, buying 743 shares and 0 sales.
- HERBERT HOTCHKISS (VP, GC and Secretary) purchased 212 shares.
- LINDA S HARTY has traded it 2 times. They made 2 purchases, buying 6,000 shares and 0 sales.
- PAUL E MAHONEY purchased 500 shares.
To track insider transactions, check out Quiver Quantitative's insider trading dashboard.
$GTLS Hedge Fund Activity
We have seen 282 institutional investors add shares of $GTLS stock to their portfolio, and 192 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- FMR LLC removed 795,661 shares (-21.0%) from their portfolio in Q3 2024
- GATES CAPITAL MANAGEMENT, INC. removed 446,022 shares (-47.2%) from their portfolio in Q3 2024
- FRANKLIN RESOURCES INC added 430,732 shares (+63.4%) to their portfolio in Q3 2024
- POINT72 ASSET MANAGEMENT, L.P. removed 416,150 shares (-100.0%) from their portfolio in Q3 2024
- ATLANTIC INVESTMENT MANAGEMENT, INC. added 359,070 shares (+513.0%) to their portfolio in Q3 2024
- INVESCO LTD. added 340,225 shares (+37.6%) to their portfolio in Q3 2024
- DIMENSIONAL FUND ADVISORS LP added 309,651 shares (+66.8%) to their portfolio in Q3 2024
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard.
Full Release
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
.
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.
