Baker Hughes Bags the Contract from Venture Global for the Delivery of Modularized LNG System

Baker Hughes, a prominent energy technology firm, has secured a contract from Venture Global. This contract mandates Baker Hughes to deliver a modularized liquified natural gas (LNG) system along with a power island. This development, announced on October 2nd, is a continuation of previous agreements wherein Venture Global engaged Baker Hughes to provide LNG technological solutions for specific projects in Louisiana - namely, the Calcasieu Pass and Plaquemines LNG ventures.

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This newly bestowed contract operates under a broader master equipment supply agreement, wherein Venture Global LNG and Baker Hughes have synergized for a staggering production capacity exceeding 100 million tonnes per annum (mtpa).

Expressing his sentiments on this collaboration, Mike Sabel, Venture Global's CEO, conveyed his appreciation for the sustained partnership. Meanwhile, Baker Hughes' Chairman and CEO, Lorenzo Simonelli, accentuated the growing demand for LNG. He stressed its critical importance in the ongoing energy transition, emphasizing that natural gas stands as a cornerstone in ensuring a consistent supply to achieve the goal of Net Zero emissions.

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Highlighting Baker Hughes' prominent role in the LNG sector, it's noteworthy that approximately 60 LNG facilities, either operational or under construction worldwide, are reliant on Baker Hughes' turbomachinery. This machinery propels a remarkable 450 million tonnes per annum of the overall global LNG capacity.

According to the article by Procurement Resource, Baker Hughes has been awarded a contract by Venture Global to provide a modularized LNG system and power island, building on prior collaborations in Louisiana. This falls under a master equipment supply agreement, targeting a production capacity of over 100 million tonnes per annum. Venture Global's CEO, Mike Sabel, lauded the ongoing partnership, while Lorenzo Simonelli of Baker Hughes highlighted LNG's pivotal role in the energy transition towards Net Zero emissions. Significantly, around 60 global LNG facilities depend on Baker Hughes' turbomachinery, accounting for a vast portion of global LNG capacity.