Baker Hughes Gets Contract as Venture Global LNG Proceeds With Louisiana Project -- Update
August 20 2019 - 2:47PM
Dow Jones News
By Josh Beckerman
Venture Global LNG Inc. has made a final investment decision to
proceed with its Calcasieu Pass liquefied natural gas export
project in Cameron Parish, La., and awarded a contract to Baker
Hughes a GE Company (BHGE) to provide a liquefaction train system
and a power island system.
Baker Hughes said Tuesday that equipment deliveries are expected
to begin in the second half of 2020.
The project is expected to reach its commercial operations date
in 2022.
On Monday, Venture Global LNG said it completed project
financing, including a $1.3 billion equity investment from
Stonepeak Infrastructure Partners.
I Squared Capital said in July that it invested $460 million in
Venture Global LNG.
Sempra LNG said Monday that Cameron LNG's Train 1 started
commercial operations and a construction and engineering joint
venture reported the first liquid from Freeport LNG's Train 1.
Write to Josh Beckerman at josh.beckerman@wsj.com
(END) Dow Jones Newswires
August 20, 2019 14:32 ET (18:32 GMT)
Copyright (c) 2019 Dow Jones & Company, Inc.
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