Venture Global Expands Partnership with Baker Hughes for Modular LNG System
(P&GJ) — Venture Global LNG has extended its partnership with Baker Hughes to develop a modularized LNG system and power island. This expansion comes as part of a master equipment supply agreement, recently expanded to over 100 million tons per annum (MTPA) from the initial 70 MTPA, as announced during Gastech in Singapore.
"We are excited to add another milestone in our successful collaboration with Baker Hughes as a strategic LNG technology supplier, building on the expansion of our agreement,” Mike Sabel, CEO 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."
This contract builds on the longstanding partnership between Baker Hughes and Venture Global, with Baker Hughes having previously provided comprehensive LNG technology solutions for the Calcasieu Pass and Plaquemines LNG projects in Louisiana.
"This further expansion of our collaboration with Venture Global reaffirms that Baker Hughes technologies are advancing the efficient use of natural gas, and we are honored to continue to support their projects,” Lorenzo Simonelli, chairman and CEO of Baker Hughes, 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."
This latest development underscores the ongoing collaboration between these two industry leaders, marking a significant step forward in the LNG market's expansion and transition toward more sustainable and secure energy solutions.
Related News
Related News
- 1,000-Mile Pipeline Exit Plan by Hope Gas Alarms West Virginia Producers
- Valero Plans to Shut California Refinery, Takes $1.1 Billion Hit
- Greenpeace Ordered to Pay $667 Million to Energy Transfer Over Dakota Access Pipeline Protests
- Canada’s Canceled Oil Pipelines: The Projects That Didn’t Make It
- Diversified Energy Closes $42 Million Summit Natural Resources Acquisition
- New Alternatives for Noise Reduction in Gas Pipelines
- Missouri Loses Control Over 1.5 Million-Mile Gas Pipeline Network as Feds Step In
- Enbridge Plans $2 Billion Upgrade for North America’s Largest Crude Pipeline
- South Dakota Governor Signs Bill Banning Eminent Domain for Carbon Pipeline
- Woodside May Delay Final Investment Decision on Louisiana LNG to Q2, CEO Says
Comments