Argent LNG Selects Baker Hughes as Technology Provider, Strengthening Project
03 2월 2025 - 4:15PM
Argent LNG LCC (Argent LNG) has selected Baker Hughes (NASDAQ:
BKR), an energy technology company, as the liquefaction solution
and related services provider for its proposed liquified natural
gas (LNG) export facility in Port Fourchon, Louisiana. Baker Hughes
will supply cutting-edge liquefaction solutions, power generation
equipment, and gas compression systems for the facility, which is
set to deliver approximately 24 million tonnes per annum (MTPA) of
LNG. The announcement was made during Baker Hughes’ Annual Meeting
in Florence.
The project will incorporate Baker Hughes’ advanced
technologies, including its NMBL™ modularized LNG solution powered
by the highly efficient LM9000 gas turbine. These modules,
pre-fabricated and tested at Baker Hughes’ facilities, will ensure
scalable and reliable LNG production to the project and integrate
iCenter™ digital solutions powered by Cordant™ to maximize
availability, reliability, and operational efficiency. Baker Hughes
will also provide power generation units driven by LM9000 gas
turbines and provide multi-year services to support Argent LNG
terminal operations.
By leveraging its extensive knowledge and experience in LNG
development, Baker Hughes will help optimize project execution, and
ensure a streamlined, cost-effective design, allowing Argent LNG to
move forward with greater efficiency and financial certainty.
“Today’s announcement is a further testament to the technology
capabilities that we have built over the past 30-plus years in LNG.
This collaboration with Argent LNG underscores our commitment to
delivering advanced, best-in-class LNG solutions,” said Lorenzo
Simonelli, chairman and CEO of Baker Hughes. “As global energy
demand continues to grow, we are committed to providing innovative
technology solutions to the LNG industry, a key supplier of
reliable and affordable energy to many countries around the
world.”
“We chose Baker Hughes because of their proven cutting-edge
technology, established LNG market presence, and commitment to
innovation — all of which align perfectly with Argent LNG’s vision
to provide transformative energy solutions,” said Jonathan Bass,
chairman and CEO of Argent LNG. “This collaboration underscores
Argent LNG’s commitment to technical excellence, cost-effective
execution, and energy security, while also strengthening the
project’s bankability by leveraging Baker Hughes’ proven expertise
and industry leadership. Today’s announcement demonstrates how
innovation and collaboration can drive progress in the LNG
industry, helping to secure affordable, sustainable energy for
global markets.”
Phase 1 construction is targeted to begin in 2026, with
commercial operations expected by 2030. Phase 2, which aims to
expand capacity, is advancing through critical milestones,
including resource reporting, securing FERC approvals, formalizing
gas supply agreements, and achieving financial close.
Baker Hughes expects orders in relation to this agreement, as
the Argent LNG project progresses and reaches Final Investment
Decision, further solidifying its key role in Argent LNG’s
long-term success.
About Baker HughesBaker Hughes (NASDAQ: BKR) is
an energy technology company that provides solutions to energy and
industrial customers worldwide. Built on a century of experience
and conducting business in over 120 countries, our innovative
technologies and services are taking energy forward – making it
safer, cleaner and more efficient for people and the planet. Visit
us at bakerhughes.com.
About Argent LNGArgent LNG LLC is a privately
held energy company dedicated to developing world-class LNG export
solutions to meet the rising global demand for clean, reliable
energy. Based in Louisiana, Argent LNG is focused on leveraging
cutting-edge technologies and strategic partnerships to deliver
cost-effective, sustainable, and efficient energy solutions. The
company’s proposed export facility at Port Fourchon is designed to
strengthen energy security and economic growth while reinforcing
the United States’ leadership in the global LNG market.
For more information, please contact:
Media Relations
Chiara Toniato+39 3463823419chiara.toniato@bakerhughes.com
Investor Relations
Chase Mulvehill+1
346-297-2561investor.relations@bakerhughes.com
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