US energy services firm Baker Hughes has secured an order to supply three gas compression units for a natural gas pipeline which will deliver feed gas to Southern Energy’s two floating LNG units in Argentina.
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Argentina LNG, a joint venture of Argentina’s state-owned oil and gas company YPF and its partners Eni and XRG, has submitted its application to join Argentina’s large investment incentive regime (RIGI), supporting the development of the large-scale LNG export project with a total investment of $51 billion.
Argentina’s state-owned oil and gas company YPF and its partners Eni and XRG are still targeting a final investment decision on the 12 mtpa Argentina LNG project by the end of this year, according to YPF CEO Horacio Marin.
US LNG developer NextDecade has signed a reservation agreement with compatriot Baker Hughes to secure main refrigeration compressors for the planned sixth liquefaction train at its Rio Grande LNG terminal in the Port of Brownsville, Texas, according to Matt Schatzman, NextDecade chairman and CEO.
US energy services firm Baker Hughes booked $2.9 billion of LNG equipment orders in the first half of this year, already exceeding the full-year total from last year, according to CEO Lorenzo Simonelli.