Chart Industries Secures Additional 'Limited Notice To Proceed' For Cheniere Project

Chart Industries, Inc. (NYSE:GTLS) has received additional limited notice to proceed (LNTP) for their IPMSR process and equipment activities to be used in Cheniere Energy Inc's (NYSE:LNG) Corpus Christi Stage Three liquefied natural gas (LNG) export terminal project.
Chart Industries booked an order of $47.5 million for the project from Bechtle AG (OTC:BECTY).
The company will begin recognizing revenue on this project in 2022 with a multi-year staggered delivery schedule.
Price Action: GTLS shares are trading higher by 1.39% at $145.78 on the last check Monday.