Chart Industries rise on equipment deal with Exxon in Mozambique

Chart Industries

04/10/2024 15:58

** Shares of U.S.-based equipment manufacturer Chart
Industries  GTLS.N  rise 2.28% to $122.55 
    ** Co's IPSMR liquefaction technology and proprietary
equipment has been selected for Exxon Mobil's  XOM.N  Rovuma LNG
project in Mozambique
    ** Project will have a total LNG capacity of 18 million
metric tons per annum (MMTPA)
    ** Evercore analysts called the deal "big win" for GTLS,
adding that "equipment-only orders for BigLNG projects typically
represent a ~$150 mln opportunity" for company
    ** Mozambique Rovuma Venture (MRV) is an incorporated joint
venture owned by ExxonMobil, Eni  ENI.MI  and CNPC  601857.SS 
    ** Including session's moves, stock down 10.11% YTD

 (Reporting by Pooja Menon in Bengaluru)
 ((Pooja.Menon@thomsonreuters.com;))