Baker Hughes has been awarded a major contract to provide a modularised liquefied natural gas (LNG) system and power island to support Venture Global (VG) LNG projects in the US.
In addition, Baker Hughes signed a multi-year services frame agreement, including maintenance, inspection, repairs and engineering services, to support phases 1 and 2 of VG’s Plaquemines LNG project in Louisiana. The equipment order and services agreement were both secured in the fourth quarter of 2024.
“As power demand surges, LNG has a critical role to play in providing a reliable, flexible fuel source that can be quickly scaled to meet rising demand,” said Lorenzo Simonelli, Chairman and CEO of Baker Hughes.
“We have been a trusted partner in natural gas operations for more than 30 years, and our collaboration with Venture Global is a key example of what our industry needs more of today: businesses coming together to leverage best-in-class technologies and services that can deliver reliable and efficient natural gas operations to support sustainable energy development.”
Baker Hughes continues to partner Venture Global in delivering a secure, reliable energy supply to the world, said Mike Sabel, CEO of Venture Global. The company has already provided LNG solutions to the Calcasieu Pass and Plaquemines LNG facilities.
Recently, Venture Global announced the loading and departure of the first LNG cargo produced from its Plaquemines LNG facility.
Last week Venture Global announced the pricing of its initial public offering of 70,000,000 shares of its Class A common stock, at $25 per share.
At the end of December, Baker Hughes received an order from Bechtel Energy to supply gas technology equipment for two liquefaction plants with a total capacity of approximately 11 Mtpa for Phase 1 of Woodside Energy Group’s Louisiana LNG project.
The order marks a significant milestone as Woodside targets final investment decision (FID) readiness from the first quarter of 2025.
The award includes eight main refrigeration compressors driven by LM6000PF+ gas turbines and eight expander-compressors.
US LNG is set for accelerated growth following President Trump’s return to the White House, and projects that can secure FID in 2025 include Freeport LNG T4, Delfin LNG, Driftwood LNG, CP2 LNG and Corpus Christi Phase 3 Midscale, according to Drewry Shipping Consultants. The US is expected to command over 320 mtpa of LNG liquefaction capacity by 2030.
Speaking via videolink at Davos last week, President Trump said, “What I’d like to see is rapid approvals. The big problem is we need double the energy we currently have in the US.”
