Baker Hughes Announces Major Turbomachinery Order for Venture Global LNG’s Plaquemines LNG Project
March 09 2022 - 8:00AM
Business Wire
- Order for liquefaction train system with 24 modularized
compression trains built by Baker Hughes
- Contract is part of a 70 MTPA master equipment supply agreement
with Venture Global LNG
Baker Hughes (NASDAQ: BKR) has been awarded a contract and
granted notice to proceed by Venture Global LNG to provide a
liquefied natural gas (LNG) system for the first phase of the
Plaquemines LNG project in Louisiana.
The highly-efficient liquefaction train system (LTS) supplied by
Baker Hughes is modularized, helping to lower construction and
operational costs with a “plug and play” approach that enables
faster installation. Baker Hughes manufactures, tests and
transports the pre-assembled and fully integrated modular
turbomachinery units for Venture Global LNG at its state-of-the-art
manufacturing and assembly facilities in Italy.
As part of the scope, Baker Hughes will also provide field
services to assist in commissioning of the supplied equipment.
Today’s order builds on an award in the fourth quarter of 2021 for
Baker Hughes to provide power generation and electrical
distribution equipment for the comprehensive power island system of
Venture Global LNG’s Plaquemines LNG project.
“We are delighted to continue our strong collaboration with
Venture Global LNG. The Plaquemines LNG project is another great
example of our extensive experience with modular LNG to provide
fully integrated compression and power solutions,” said Rod
Christie, executive vice president of Turbomachinery & Process
Solutions at Baker Hughes. “As an energy technology company, Baker
Hughes’ role is to provide the most efficient and lower carbon
technology solutions to meet our customers specific needs, and LNG
is a critical part of the energy future. We see a new LNG cycle
emerging and expect demand will remain robust in the coming
years.”
“Baker Hughes has been an outstanding partner to Venture Global
and we look forward to building on that parternship as we ramp up
construction at Plaquemines LNG,” said Mike Sabel, Venture Global
LNG CEO. “I want to thank Lorenzo Simonelli and his team for their
execution and delivery at Calcasieu Pass, notwithstanding the
challenges of a global pandemic. Together we will continue to
innovate and transform the LNG industry, bringing this essential
fuel to the global market to meet the world’s growing energy
needs.”
The Plaquemines LNG project order follows a similar contract for
a comprehensive LNG technology solution supplied by Baker Hughes
for Venture Global’s Calcasieu Pass LNG terminal in 2019, also in
Louisiana. In 2021, Baker Hughes successfully completed delivery of
the ninth and final block for Calcasieu Pass; all shipments were
finalized ahead of schedule. Calcasieu Pass holds the global record
for the fastest construction of a large scale greenfield LNG
project, moving from FID to first LNG in 29 months.
The contracts were awarded under a master equipment supply
agreement between Venture Global LNG and Baker Hughes for 70
million tons per annum (MTPA) of production capacity. Baker Hughes
first equipment deliveries for the Plaquemines LNG project are
expected to begin in the first half of 2023.
About Baker Hughes
Baker Hughes (NASDAQ: BKR) is an energy technology company that
provides solutions for energy and industrial customers worldwide.
Built on a century of experience and conducting business in over
120 countries, our innovative technologies and services are taking
energy forward – making it safer, cleaner and more efficient for
people and the planet. Visit us at bakerhughes.com.
About Venture Global LNG
Venture Global is a long-term, low-cost provider of U.S. LNG
sourced from resource rich North American natural gas basins.
Venture Global’s first facility, Calcasieu Pass, commenced
producing LNG in January 2022. The company is also constructing or
developing an additional 60 MTPA of production capacity in
Louisiana to provide clean, affordable energy to the world. The
company is developing Carbon Capture and Sequestration (CCS)
projects at each of its LNG facilities.
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Media Relations Chiara Toniato +39 346 382 3419
Chiara.toniato@bakerhughes.com Investor Relations: Jud
Bailey +1-281-809-9088 investor.relations@bakerhughes.com
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