Baker Hughes, Venture Global expand master equipment supply agreement

Venture Global LNG announced its long-term expansion plan to increase production from 70M tons per annum, or MTPA, to more than 100MTPA of nameplate LNG export capacity. To support this initiative, Venture Global and Baker Hughes have executed an expanded master equipment supply agreement for the delivery of additional liquefaction train systems and power island systems for Venture Global’s future LNG export projects. The expanded agreement was announced on the margins of Gastech in Singapore in the presence of Venture Global CEO Mike Sabel and Baker Hughes chairman and CEO Lorenzo Simonelli. Venture Global has taken FID on both phases of its 20 MTPA nameplate Plaquemines LNG facility, which is on target to produce first LNG in 2024. By early September, Plaquemines LNG will have received the first four liquefaction train modules and the roof will be raised on its third LNG storage tank. The company expects to commence construction of its CP2 LNG facility later this year following receipt of FERC authorization. To date, 9.25 MTPA of CP2 LNG’s 20.0 MTPA nameplate capacity has been sold under 20-year sales and purchase agreements. Baker Hughes, as a strategic LNG-equipment supplier to Venture Global, provided comprehensive LNG technology solutions to the Calcasieu Pass LNG facilities, and will provide the same to the currently under-construction Plaquemines LNG facility.