Baker Hughes to Supply 3 Liquefaction Trains for NextDecade's LNG Project
7/6/2023
(Reuters) — Oilfield services firm Baker Hughes said on Thursday it will supply three liquefaction trains for NextDecade's Rio Grande LNG project in Texas.
The Rio Grande LNG export plant has been in development for several years, suffering repeated delays.
Last month, NextDecade said it secured funding for a final investment decision related to the first three liquefaction trains at the project.
Baker Hughes said on Thursday it had been awarded the order for the liquefaction trains by construction firm Bechtel Energy, and the trains can produce 17.61 million tonnes per annum of LNG.
Liquefaction trains turn natural gas into LNG for export.
NextDecade's shares rose 2.4% to $8.44 before the bell.
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Pipeline Project Spotlight
Owner:
East African Crude Oil Pipeline Company
Project:
East African Crude Oil Pipeline (EACOP)
Type:
TotalEnergies in discussions with a Chinese company after Russian supplier Chelpipe was hit by sanctions.
Length:
902 miles (1,443 km)
Capacity:
200,000 b/d
Start:
2022
Completion:
2025
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