Baker Hughes has recently announced a major contract with Venture Global LNG to provide modular systems for liquefied natural gas (LNG) liquefaction and a power island. This contract supports Venture Global’s projects in the United States, specifically phases 1 and 2 of its Plaquemines LNG project in Louisiana. This project represents a production capacity of over 100 million tons per annum (MTPA) of LNG.
A long-standing partnership between Baker Hughes and Venture Global
Baker Hughes, an energy technology provider, has collaborated with Venture Global for more than three decades. This new order and the multi-year service agreement, including maintenance, inspection, repair, and engineering services, further strengthen their strategic partnership. Baker Hughes’ provision of complete LNG solutions, already used in the Calcasieu Pass and Plaquemines LNG facilities, enables Venture Global to meet the growing global demand for LNG.
The growing role of LNG in the global energy mix
With rising energy demand, LNG has become a reliable and flexible fuel source that can be quickly scaled to meet global energy needs. According to Lorenzo Simonelli, chairman and CEO of Baker Hughes, LNG plays a crucial role in providing low-carbon energy while enabling a secure and flexible energy supply.
Implications for the LNG industry and long-term prospects
Venture Global’s project is emblematic of efforts to increase LNG production capacity through modernized and modularized facilities. This development helps secure natural gas supply while supporting long-term sustainable energy growth.
