Liquefied Natural Gas Limited (LNGL) is entering into a supplier alliance agreement (SAA) with Chart Industries, Inc. (Chart) through Chart's wholly owned subsidiary, Chart Energy & Chemicals, Inc. The SAA provides for the design and manufacture of brazed aluminium heat exchangers (BAHX) and LNG liquefaction cold boxes used in the OSMR® LNG liquefaction design. The global alliance agreement will call for Chart and LNGL to work collaboratively together on both current and future Company projects.
Negotiations between LNGL and other key equipment and service providers continue as the Company progresses its strategy to institute and maintain a high degree of standardization and commonality across the Company's global OSMR® LNG liquefaction facilities.
Associated with execution of the Chart SAA, Magnolia LNG is releasing a purchase order (PO) for the liquefaction equipment including cold boxes, brazed aluminium heat exchangers, and Core?in?Kettle® exchangers for Magnolia LNG's four?train LNG facility project in Lake Charles, Louisiana, USA. The PO, released as part of an Early Works engineering procurement and construction (EPC) program, will subsequently be novated to the EPC contractor for delivery as part of the full lump sum turnkey EPC project.