Baker Hughes, an energy technology company, announced that it has been awarded a major contract to provide a modularised 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 4Q24.
“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 be a trusted partner for Venture Global in delivering a secure, reliable energy supply to the world and we are thrilled to add another significant milestone on our partnership,” added Mike Sabel, CEO of Venture Global.
Baker Hughes, as a strategic LNG technology supplier to Venture Global for more than 100 million tpy of production capacity, has already provided comprehensive LNG solutions to the Calcasieu Pass and Plaquemines LNG facilities.
Recently, Venture Global announced the successful loading and departure of the first LNG cargo produced from its Plaquemines LNG facility, after reaching first LNG production.