CEO: Baker Hughes expects more than 80 mtpa of LNG FIDs in 2025 and 2026

US energy services firm Baker Hughes expects more than 80 mtpa of LNG FIDs in 2025 and 2026, following a record year of offtake contracting last year, according to CEO Lorenzo Simonelli.

This story requires a subscription

Get 12 months of full digital access to LNG Prime for only $295 instead of $600.
This includes a single user license.
Check our FAQ for more info. For group subscriptions please contact us.

Most Popular

South Korea’s Posco says first LNG carrier to start ops in H2

Posco International, a unit of South Korean steel producer Posco, plans to start shipping LNG with its first dedicated LNG carrier in the second half of this year.

Atlantic LNG shipping rates continue to decrease

Atlantic LNG freight shipping rates continued to decrease this week, while European prices also dropped compared to last week.

Canada’s Cedar LNG names FLNG

Canada’s Cedar LNG, a joint venture of Canada’s Pembina Pipeline and the Haisla Nation, has picked a name for its floating LNG facility, which will be located in the traditional territory of the Haisla Nation, on Canada’s West Coast.

More News Like This

Baker Hughes booked $1.7 billion in US LNG orders over past two quarters

US energy services firm Baker Hughes booked around $1.7 billion of orders for US LNG projects over the past two quarters. According to CEO Lorenzo Simonelli, Baker Hughes continues to "feel good" about the LNG outlook.

NextDecade, Baker Hughes ink framework deal for Rio Grande LNG expansion

US LNG firm NextDecade and compatriot energy services firm Baker Hughes have entered into a framework agreement related to the expansion of the Rio Grande LNG export plant in Texas.

Baker Hughes appoints new finance chief

US energy services firm Baker Hughes has appointed Ahmed Moghall as its chief financial officer (CFO).

Hanwha, Baker Hughes to develop ammonia turbines

Two units of South Korean conglomerate Hanwha have joined forces with US energy services firm Baker Hughes to design...