Baker Hughes Secures Major Contract With Venture Global
The order builds on the expanded master equipment agreement between the companies for more than 100 mtpa of LNG.
US liquefied natural gas (LNG) exporter Venture Global LNG awarded Baker Hughes a major contract to supply a modularized LNG system and power island.
The energy technology company had previously worked with Venture Global to provide technology and equipment used at the Calcasieu Pass LNG and the Plaquemines LNGexport facilities in Louisiana.
Mike Sabel, chief executive of Venture Global, said, “to enable a successful transition to more secure and sustainable economies, it is critical that we continue to further our mission of delivering low-cost LNG at a larger scale.”
Baker Hughes said the contract will be booked in the third quarter of 2023. The companies did not disclose the value of the contract.
Baker Hughes Chief Executive Lorenzo Simonelli said the “continuing demand for LNG emphasizes the pivotal role that natural gas will play in the energy transition, helping to secure supply and to reach net-zero emissions.”
Venture Global took the final investment decision on its Plaquemines liquefaction facility in March. Venture Global’s first facility, Calcasieu Pass, began producing its first LNG in January 2022.