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Bullboard - Stock Discussion Forum Nuvista Energy Ltd T.NVA

Alternate Symbol(s):  NUVSF

NuVista Energy Ltd. is an oil and natural gas company, which is engaged in the exploration for, and the development and production of, oil and natural gas reserves in the Western Canadian Sedimentary Basin. Its primary focus is on the scalable and repeatable condensate rich Montney formation in the Alberta Deep Basin (Wapiti Montney). Its core operating areas of Wapiti and Pipestone in the... see more

TSX:NVA - Post Discussion

Nuvista Energy Ltd > Chart Industries’ IPSMR® process technology delivers first L
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Post by Carjack on Jul 22, 2024 4:41pm

Chart Industries’ IPSMR® process technology delivers first L

Chart Industries Inc., a leading global solutions provider to clean energy and industrial gas markets, has announced that its Integrated Pre-Cooled Single Mixed Refrigerant (IPSMR®) process technology has delivered first liquefied natural gas (LNG) at New Fortress Energy Inc.’s initial Fast LNG (FLNG) asset located offshore Altamira, Mexico.

With this significant milestone, FLNG establishes itself as the fastest large-scale LNG project ever developed.

NFE’s proprietary Fast LNG design is the first of its kind, pairing the latest advancements in Chart’s modular liquefaction technology with jack-up rigs or similar offshore infrastructure to enable a faster deployment schedule than traditional liquefaction facilities. With a production capacity of 1.4 MMtpy in a single train, or approximately 70 TBtu, FLNG will play a pivotal role in supplying low-cost, clean LNG to NFE’s downstream terminal customers.

“We appreciate our long-standing partnership with Chart Industries who played a pivotal role in our offshore development in Altamira,” said Wes Edens, Chairman and CEO of New Fortress Energy. “First LNG represents a transformative moment for NFE and the industry as a whole, and reaffirms our position as a fully integrated leader in the global LNG market.”

“We are proud to support NFE and the industry with our modular liquefaction technology and all mission critical equipment, including brazed aluminum heat exchangers, cold boxes and air coolers,” stated Jill Evanko, Chart’s CEO and President. “We congratulate NFE for this success of First LNG, and we look forward to further supporting the industry with our modular, adaptable, resilient and cost-effective technology and products.”

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