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Chart E&C awarded LNG plant contract

LNG Industry,

Chart Industries, Inc. (Nasdaq: GTLS), announced on Monday that Stabilis FHR Oilfield LNG LLC, a venture between Stabilis Energy LLC and Flint Hills Resources, LLC ("Stabilis FHR"), has awarded Chart's wholly-owned subsidiary, Chart Energy & Chemicals, Inc. ("Chart E&C"), a contract to provide its standard C100N liquefaction plant. The plant, designed to produce 100 000 g/d of liquefied natural gas (LNG), will be located in George West, Texas, and is expected to commence production in January 2015 for high horsepower oilfield fuel applications in the Eagle Ford Shale.

Four additional LNG liquefaction plants

The contract also provides a framework for Stabilis FHR to procure up to four additional LNG liquefaction facilities from Chart E&C, for rapid deployment, as Stabilis FHR develops plans to build additional LNG liquefiers serving oilfield fuel consumers. Chart E&C has reserved production slots for these additional plants. Stabilis FHR expects to begin production at these additional facilities between 2015 and 2017.

The four additional LNG liquefaction plants will be able to produce either 100 000 or 250 000 g/d. All the plants are complete package solutions for the liquefaction of natural gas and feature Chart E&C's proprietary liquefaction technology. Key equipment packages, comprised of brazed aluminium heat exchangers, cold boxes, storage tanks and load-out facilities, are designed in-house, and manufactured and fabricated in Chart's facilities.

Cost-effectiveness and safety

Mike Durkin, President of Chart E&C., said: "Both Chart and Stabilis FHR have a shared commitment to providing customers with a cost-efficient, safe alternative to diesel and other distillate fuels, and we look forward to delivering these plants and continuing our relationship with Stabilis FHR to support their growth in LNG."

Adapted from press release by Ted Monroe

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