Report on Segment Performance for Chart Industries - Q1 2024 Financial Results
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1M ago
Segment Overview: 1. Cryo Tank Solutions (CTS) Orders: Q1 2024 orders amounted to $159.3 million, marking a decrease of 4.5% year-over-year, primarily due to a significant rail car order in Q1 2023. Sales: Sales increased by 13.2% to $159.7 million, driven by rising demand in the EMEA industrial gas market. Book-to-Bill Ratio: Maintained at 1.0X, reflecting steady demand. Gross Profit Margin: Slightly decreased by 10 basis points to 20.5%. 2. Heat Transfer Systems (HTS) Orders: Experienced a significant decrease of 29.8% to $237.3 million, compared to the prior year, influenced by high p ..read more
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U.S. DOE Natural Gas Exports Monthly Report - February 2024
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1M ago
On April 24th, 2024 the U.S. Department of Energy released the U.S. Natural Gas Imports and Exports Monthly which covered February 2024. Overview summary from that report is below. In February 2024, the United States exported a total of 643.0 billion cubic feet (Bcf) and imported 268.3 Bcf of natural gas, resulting in 374.7 Bcf of net exports. The significant proportion of exports was in the form of LNG. U.S. LNG Exports The United States exported 358.9 Bcf of LNG, constituting 55.8% of total natural gas exports for the month. This LNG was distributed among 30 countries across different re ..read more
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U.S. DOE Natural Gas Exports Monthly Report - January 2024
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2M ago
On March 25th, 2024 the U.S. Department of Energy released the U.S. Natural Gas Imports and Exports Monthly which covered January 2024.  Overview summary from that report is below. Overview: January 2024 U.S. LNG Exports The United States exported 396.2 billion cubic feet (Bcf) of natural gas as liquefied natural gas (LNG), representing 58.8% of total U.S. natural gas exports, to 30 countries. Distribution by region:Europe received 283.7 Bcf (71.6% of U.S. LNG exports). Asia received 76.3 Bcf (19.2%). Latin America/Caribbean received 36.3 Bcf (9.2%). Compared to December 2023, there w ..read more
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U.S. LNG Export Report for Week Ending March 20, 2024
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3M ago
LNG Pipeline Receipts: Average natural gas deliveries to U.S. LNG export terminals decreased by 2.8% week over week, averaging 12.9 Bcf/d. In South Louisiana, deliveries decreased by 2.0% to 8.8 Bcf/d. In Texas, deliveries fell by 6.8% to 2.9 Bcf/d. Freeport LNG has been at reduced operation since mid-January, expecting to continue until May. Deliveries to terminals outside the Gulf Coast remained steady at 1.2 Bcf/d. Vessels Departing U.S. Ports: Twenty-one LNG vessels departed the U.S. between March 14 and March 20, with a total capacity of 78 Bcf. Departures included eight from Sabine Pas ..read more
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Potential Business Opportunity Report January 22, 2024
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5M ago
Potential product or service need based on the referenced story or press release. TotalEnergies - Pipeline Integrity Management Service Type: Pipeline Integrity Scope: Comprehensive management services including inspection, corrosion monitoring, and maintenance. Importance: Ensures long-term safety and efficiency for Tyra field operations. Potential Partners: Baker Hughes, Halliburton, Rosen Group, NDT Global, Intertek. Region: Europe. Timeline: Post March 2024. Objective: Establish ongoing pipeline integrity service contract. Reference: Offshore Engineer Article - Denmark's Largest Offshore ..read more
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Potential Business Opportunity Report
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5M ago
Renewable Energy Solutions Potential Product/Service Need: Hybrid Renewable Energy Systems Company: LNG Canada Description: Integrated wind, solar, and storage systems for LNG facilities. Story: Reuters via Nasdaq Potential Product/Service Need: Renewable Energy Integration Solutions Company: Coal India Ltd (CIL) Description: Solutions for integrating renewable energy sources with thermal power plants to create hybrid power systems. Story: Power Technology Hydrogen and CCS Technologies Potential Product/Service Need: Electrolyzer Systems for Green Hydrogen Production Company: BP (HyGr ..read more
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U.S. EIA Natural Gas Weekly Update Report – November 2, 2023
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8M ago
LNG data below from the November 2, 2023 U.S. EIA Natural Gas Weekly Update Report. Pipeline Receipts for LNG Exports: Increase in Deliveries: U.S. LNG export terminals saw a 2.0% rise in natural gas deliveries, averaging 13.9 billion cubic feet per day (Bcf/d). South Louisiana Gains: Deliveries to South Louisiana terminals went up by 2.9%, reaching 8.7 Bcf/d. Steady Elsewhere: Natural gas deliveries to South Texas remained at 4.1 Bcf/d, with deliveries outside the Gulf Coast holding at 1.1 Bcf/d. Vessels Departing U.S. Ports: Total Departures: 29 LNG vessels left U.S. ports from October 26 ..read more
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2023 Global Gas Report
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8M ago
Today the International Gas Union (IGU), Snam and knowledge partner Rystad Energy, release the 2023 Global Gas Report (GGR). The Global Gas Report 2023 can be downloaded here . The report highlights the challenges posed by the unprecedented demand uncertainties and the lackluster investment levels in natural gas, low-carbon, and renewable gases. There is a growing gap between international energy and gas demand projections compared to the actual investments made in natural gas and renewables. This imbalance could precipitate more severe energy shocks as we approach the 2030s.   LNG Note ..read more
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Roundhill Investments Introduces LNG ETF on NYSE Arca
LNG Global News
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9M ago
Roundhill Investments announced today it has launched the Roundhill Alerian LNG ETF (LNGG) on the NYSE Arca . This ETF tracks the Alerian Liquefied Natural Gas Index and provides access to companies in the LNG value chain. LNGG is the first dedicated LNG ETF in the world. "LNG represents a transformative frontier in the energy sector, and its growth trajectory is evident from its rapidly expanding share within the global gas supply," said Dave Mazza, Chief Strategy Officer at Roundhill Investments. "For climate conscious investors, LNGG offers a practical solution to invest in a transitiona ..read more
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Bp Expands Renewable Energy Portfolio with Third Long-Term LNG Offtake Contract from Woodfibre's Net-Zero Facility
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10M ago
Date: 5 September 2023 Contract: bp enters third long-term liquefied natural gas (LNG) offtake contract from Woodfibre’s British Columbia LNG facility. Agreement: Under the sale agreement, all LNG output from the Woodfibre LNG export facility is now committed for sale to bp. LNG Supply: Woodfibre LNG facility in British Columbia, Canada, is the source of supply. Commitment: The new contract commits bp to offtake 0.45 million tonnes of LNG per year (mtpa) for 15 years on a free on board (FOB) basis. Total Commitment: Including previous contracts, bp's firm offtake from Woodfibre LNG totals 1 ..read more
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