AmericasLNG Terminals

Baker Hughes expects pace of LNG FIDs to pick up in 2025, CEO says

By LNG Prime Staff
Baker Hughes expects pace of LNG FIDs to pick up in 2025, CEO says
Lorenzo Simonelli (Image: Baker Hughes)

US energy services firm Baker Hughes expects the pace of LNG FIDs to pick up in 2025, according to CEO Lorenzo Simonelli. Baker Hughes booked a record $5.6 billion of LNG equipment orders in 2023 and $3.5 billion in 2022. The company booked only $700 million of LNG equipment orders so far in 2024, as near-term project FID…

LNG Prime Annual Subscription Membership Required

You must be a LNG Prime Annual Subscription member to access this content.

Join Now

Already a member? Log in here

Most Popular

LNG Terminals

PetroChina delivers first LNG cargo to Gate under long-term capacity deal

PetroChina International, a unit of state-owned PetroChina, has delivered its first LNG cargo to the Dutch Gate LNG import terminal in Rotterdam, owned by Gasunie and Vopak, under a long-term capacity deal.
Vessels

Spain’s Elcano sells steam LNG carrier

Spanish shipping firm Empresa Naviera Elcano has completed the sale of its 2003-built steam liquefied natural gas (LNG) carrier Castillo de Villalba.
Contracts and Tenders

Eni to sell stakes in Indonesian upstream assets

Italian energy firm Eni has signed agreements with Pertamina and Medco to sell stakes in upstream assets in Indonesia.

More News Like This

Contracts and Tenders

Baker Hughes in Venezuela move

US energy services firm Baker Hughes said it had signed two strategic agreements to accelerate the revitalization of Venezuela’s energy infrastructure across the natural gas value chain and expansion of the country’s energy production.
Contracts and Tenders

Baker Hughes scores more Venture Global LNG work

US LNG exporter Venture Global LNG has awarded more contracts to compatriot energy services firm Baker Hughes as it expands its liquefaction capacity in the US.
Contracts and Tenders

NextDecade inks deal with Baker Hughes to secure equipment for sixth Rio Grande LNG train

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.
Contracts and Tenders

Baker Hughes booked $2.9 billion in LNG equipment orders in H1

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.