Argent LNG Selects Baker Hughes as Technology Provider, Strengthening Project
Baker Hughes (NASDAQ: BKR) has been selected by Argent LNG as the technology provider for its proposed LNG export facility in Port Fourchon, Louisiana. The facility aims to produce approximately 24 million tonnes per annum (MTPA) of LNG.
Baker Hughes will provide liquefaction solutions, power generation equipment, and gas compression systems, featuring their NMBL™ modularized LNG solution powered by LM9000 gas turbines. The project will integrate iCenter™ digital solutions powered by Cordant™ to optimize operational efficiency.
The project's Phase 1 construction is scheduled to begin in 2026, with commercial operations expected by 2030. Phase 2 is progressing through critical milestones, including FERC approvals and gas supply agreements. Baker Hughes anticipates receiving orders as the project advances toward Final Investment Decision.
Baker Hughes (NASDAQ: BKR) è stata selezionata da Argent LNG come fornitore di tecnologia per il suo impianto di esportazione di LNG proposto a Port Fourchon, Louisiana. L'impianto mira a produrre circa 24 milioni di tonnellate all'anno (MTPA) di LNG.
Baker Hughes fornirà soluzioni di liquefazione, equipaggiamento per la generazione di energia e sistemi di compressione del gas, con la loro soluzione modulare di LNG NMBL™ alimentata da turbine a gas LM9000. Il progetto integrerà soluzioni digitali iCenter™ alimentate da Cordant™ per ottimizzare l'efficienza operativa.
La costruzione della Fase 1 del progetto è prevista per 2026, con operazioni commerciali attese entro 2030. La Fase 2 sta procedendo attraverso traguardi critici, incluse le approvazioni FERC e gli accordi di fornitura di gas. Baker Hughes prevede di ricevere ordini man mano che il progetto avanza verso la Decisione Finale di Investimento.
Baker Hughes (NASDAQ: BKR) ha sido seleccionada por Argent LNG como proveedor de tecnología para su propuesto terminal de exportación de LNG en Port Fourchon, Louisiana. La instalación tiene como objetivo producir aproximadamente 24 millones de toneladas anuales (MTPA) de LNG.
Baker Hughes brindará soluciones de licuefacción, equipos de generación de energía y sistemas de compresión de gas, presentando su solución modular de LNG NMBL™ impulsada por turbinas de gas LM9000. El proyecto integrará soluciones digitales iCenter™ alimentadas por Cordant™ para optimizar la eficiencia operativa.
La construcción de la Fase 1 del proyecto está programada para comenzar en 2026, con operaciones comerciales esperadas para 2030. La Fase 2 avanza a través de hitos críticos, incluidas las aprobaciones de la FERC y los acuerdos de suministro de gas. Baker Hughes anticipa recibir pedidos a medida que el proyecto avance hacia la Decisión Final de Inversión.
베이커휴즈(Baker Hughes) (NASDAQ: BKR)가 아르헨트 LNG(Argent LNG)로부터 루이지애나주 포트 포우숀에 제안된 LNG 수출 시설의 기술 공급자로 선택되었습니다. 이 시설은 연간 약 2400만 톤(MTPA)의 LNG를 생산하는 것을 목표로 하고 있습니다.
베이커휴즈는 LM9000 가스터빈으로 구동되는 NMBL™ 모듈형 LNG 솔루션을 활용하여 액화 솔루션, 전력 생성 장비 및 가스 압축 시스템을 제공합니다. 이 프로젝트는 운영 효율성을 최적화하기 위해 Cordant™에 의해 구동되는 iCenter™ 디지털 솔루션을 통합합니다.
프로젝트의 1단계 건설은 2026년에 시작될 예정이며, 상업적 운영은 2030년까지 예상됩니다. 2단계는 FERC 승인 및 가스 공급 계약을 포함한 중요한 이정표를 통해 진행되고 있습니다. 베이커휴즈는 프로젝트가 최종 투자 결정으로 나아가면서 주문을 받을 것으로 예상하고 있습니다.
Baker Hughes (NASDAQ: BKR) a été sélectionné par Argent LNG en tant que fournisseur de technologies pour son installation d'exportation de GNL proposée à Port Fourchon, Louisiane. L'installation vise à produire environ 24 millions de tonnes par an (MTPA) de GNL.
Baker Hughes fournira des solutions de liquéfaction, des équipements de production d'énergie et des systèmes de compression de gaz, en présentant leur solution GNL modulaire NMBL™ alimentée par des turbines à gaz LM9000. Le projet intégrera des solutions numériques iCenter™ alimentées par Cordant™ pour optimiser l'efficacité opérationnelle.
La construction de la Phase 1 du projet est prévue pour débuter en 2026, avec des opérations commerciales attendues d'ici 2030. La Phase 2 progresse à travers des étapes clés, y compris les approbations de la FERC et les contrats d'approvisionnement en gaz. Baker Hughes s'attend à recevoir des commandes à mesure que le projet avance vers la Décision Finale d'Investissement.
Baker Hughes (NASDAQ: BKR) wurde von Argent LNG als Technologieanbieter für die geplante LNG-Exportanlage in Port Fourchon, Louisiana, ausgewählt. Die Anlage zielt darauf ab, etwa 24 Millionen Tonnen pro Jahr (MTPA) LNG zu produzieren.
Baker Hughes wird Lösungen zur Verflüssigung, Stromerzeugungsanlagen und Gasverdichtungssysteme bereitstellen, darunter ihre modulare LNG-Lösung NMBL™, die von LM9000-Gasturbinen betrieben wird. Das Projekt wird iCenter™-digitale Lösungen von Cordant™ integrieren, um die Betriebseffizienz zu optimieren.
Der Bau der Phase 1 des Projekts ist für 2026 angesetzt, mit kommerziellen Betriebserwartungen bis 2030. Die Phase 2 schreitet durch wichtige Meilensteine wie FERC-Genehmigungen und Gaslieferverträge voran. Baker Hughes erwartet, Aufträge zu erhalten, während das Projekt auf die finale Investitionsentscheidung zusteuert.
- Secured major contract for 24 MTPA LNG facility technology provision
- Multi-year services agreement included in the contract scope
- Project implementation includes advanced digital solutions for operational optimization
- Clear timeline established with construction start in 2026 and operations by 2030
- Final Investment Decision pending, orders not yet confirmed
- Project execution timeline extends several years into the future
Insights
This landmark agreement positions Baker Hughes to capture a significant share of the expanding U.S. LNG infrastructure market. The selection of Baker Hughes' advanced NMBL™ technology suite for Argent LNG's 24 MTPA facility demonstrates the company's competitive edge in modular LNG solutions.
The deal's structure is particularly noteworthy for three reasons: First, it includes a multi-year services component that will generate recurring revenue streams well beyond the initial equipment sale. Second, the integration of iCenter™ digital solutions powered by Cordant™ creates high-margin software revenue opportunities. Third, the modular approach using pre-fabricated and tested units significantly reduces project execution risks and timeline uncertainties.
The timing of this agreement is strategic, as it coincides with growing global demand for U.S. LNG exports. With Phase 1 construction targeted for 2026 and operations by 2030, Baker Hughes is well-positioned to benefit from the next wave of LNG infrastructure development. The project's phased approach also provides flexibility in scaling capacity based on market conditions.
For investors, this represents a strong validation of Baker Hughes' technology leadership in the LNG sector. The company's ability to secure major contracts for next-generation LNG facilities underscores its competitive moat in high-efficiency, modular liquefaction solutions. The multi-year services agreement also adds valuable visibility to future revenue streams, enhancing the company's recurring revenue profile.
The selection of Baker Hughes' advanced liquefaction technology for this 24 MTPA facility represents a strategic win in the competitive LNG infrastructure market. The LM9000 gas turbine technology offers superior efficiency and reliability compared to conventional solutions, providing a important competitive advantage in large-scale LNG projects.
The modular design approach using NMBL™ technology is particularly significant as it addresses key industry challenges: reducing construction complexity, minimizing on-site work and enabling faster project execution. This modular strategy typically results in 15-20% lower project costs compared to traditional stick-built approaches.
The integration of digital solutions through iCenter™ and Cordant™ platforms positions Baker Hughes at the forefront of smart LNG facility operations. These digital capabilities typically improve facility uptime by 3-5% and reduce maintenance costs by 10-15%, creating compelling value propositions for operators.
The phased development approach, with operations targeted for 2030, aligns well with projected global LNG demand growth. This timing could coincide with an expected supply gap in the global LNG market, potentially enhancing the project's commercial viability and Baker Hughes' order book strength in the coming years.
- Baker Hughes to supply liquefaction solutions utilizing NMBL™ module and LM9000 gas turbine
- Agreement also comprises a multi-year services plan, including iCenter™ digital solutions powered by Cordant™, to support Argent LNG terminal operations
- Proposed project targets approximately 24 million tonnes per annum (MTPA) of production capacity
FLORENCE, Italy, Feb. 03, 2025 (GLOBE NEWSWIRE) -- 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 Hughes
Baker 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 LNG
Argent 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 3463823419
chiara.toniato@bakerhughes.com
Investor Relations
Chase Mulvehill
+1 346-297-2561
investor.relations@bakerhughes.com
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