Demand for LNG, offshore equipment sparks record orders for Baker Hughes

Sipa USA via AP

Houston-based Baker Hughes Co. generated record orders in fourth quarter 2022, driven by multiple awards for LNG and offshore production equipment, reports Natural Gas Intelligence.

During the final three months of 2022, Baker was awarded a contract by Venture Global LNG Inc. to provide an LNG system with 12 modularized compression trains at the Plaquemines LNG II project in Louisiana. Several services contracts also were awarded, including an eight-year maintenance services contract for Venture Global LNG’s Calcasieu Pass LNG facility.

Baker’s forte is plug-and-play LNG modular designs, which may speed up the construction process and reduce costs overall. Read the entire story.