By LNG World News Ohio-headquartered LNG engineer, Chart Industries reported an increase int third quarter income, reaching US$15 million up from $4.8 million in the corresponding quarter in 2015.
The company noted that its distribution and storage segment has seen a “good order flow” from LNG terminals in Europe, although its third quarter results have been impacted by continued energy market slowdown.
Net sales for the third quarter of 2016 decreased 22.8 percent to $203.9 million from $264.0 million in the comparable period a year ago, primarily due to the slowdown seen in the energy markets.
According to Chart’s report, distribution and storage segment sales dropped
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