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

Contracts and Tenders

Galp wins Calcasieu Pass arbitration against Venture Global

Portuguese energy firm Galp has won an arbitration case against US LNG exporter Venture Global LNG over LNG sales from the Calcasieu Pass plant in Louisiana.
Vessels

MISC to order five more LNG carriers for Petronas charter

Malaysian shipping firm MISC will order five additional newbuild 174,000-cbm liquefied natural gas (LNG) carriers at China's Hudong-Zhonghua. The vessels will serve a 20-year charter with a unit of MISC's parent, Petronas.
Contracts and Tenders

Seatrium scores Excelerate FSRU conversion gig

Singapore's Seatrium has secured a floating storage and regasification unit conversion contract with an option for a second contract from US FSRU player Excelerate Energy.

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.