Baker Hughes Secures Liquefaction Equipment Order for Woodside Louisiana LNG
Baker Hughes (NASDAQ: BKR) has secured a significant order from Bechtel Energy for gas technology equipment to support Phase 1 of Woodside's Louisiana LNG development. The contract includes equipment for two liquefaction plants with an approximate total capacity of 11 MTPA, part of a larger project with a total permitted capacity of 27.6 MTPA.
The order encompasses eight main refrigeration compressors driven by LM6000PF+ gas turbines and eight expander-compressors. This agreement comes as Woodside targets final investment decision readiness from Q1 2025. Baker Hughes was also previously selected to supply electric-powered Integrated Compressor Line packages and turbomachinery equipment for the associated pipeline serving the LNG export terminal.
Baker Hughes (NASDAQ: BKR) ha ottenuto un importante contratto da Bechtel Energy per forniture di attrezzature tecnologiche per il gas a supporto della Fase 1 dello sviluppo LNG della Woodside in Louisiana. Il contratto include attrezzature per due impianti di liquefazione con una capacità totale di circa 11 MTPA, parte di un progetto più ampio con una capacità totale autorizzata di 27,6 MTPA.
L'ordine comprende otto compressori di refrigerazione principali alimentati da turbine a gas LM6000PF+ e otto espansori-compressori. Questo accordo si presenta mentre Woodside punta a raggiungere la prontezza per la decisione finale di investimento entro il Q1 del 2025. Baker Hughes era già stata precedentemente selezionata per fornire pacchetti di linee integrate di compressori elettrici e attrezzature turbomacchine per il gasdotto associato al terminal di esportazione LNG.
Baker Hughes (NASDAQ: BKR) ha asegurado un pedido significativo de Bechtel Energy para equipos de tecnología de gas para apoyar la Fase 1 del desarrollo de LNG de Woodside en Louisiana. El contrato incluye equipos para dos plantas de licuefacción con una capacidad total aproximada de 11 MTPA, parte de un proyecto más grande con una capacidad total permitida de 27,6 MTPA.
El pedido abarca ocho compresores de refrigeración principales impulsados por turbinas de gas LM6000PF+ y ocho compresores-expansores. Este acuerdo llega mientras Woodside apunta a estar lista para la decisión final de inversión a partir del primer trimestre de 2025. Baker Hughes también fue seleccionada previamente para suministrar paquetes de línea de compresores integrados eléctricos y equipos de turbomaquinaria para el gasoducto asociado que sirve al terminal de exportación de LNG.
Baker Hughes (NASDAQ: BKR)는 Woodside의 루이지애나 LNG 개발의 1단계를 지원하기 위해 Bechtel Energy로부터 중요한 계약을 확보했습니다. 이 계약에는 약 11 MTPA의 총 용량을 가진 두 개의 액화 플랜트를 위한 장비가 포함되어 있으며, 총 허용 용량이 27.6 MTPA에 달하는 더 큰 프로젝트의 일환입니다.
이 주문은 LM6000PF+ 가스터빈으로 구동되는 8개의 주요 냉각 압축기와 8개의 확장기-압축기를 포함합니다. 이 계약은 Woodside가 2025년 1분기부터 최종 투자 결정 준비를 목표로 하고 있는 가운데 체결되었습니다. Baker Hughes는 또한 LNG 수출 터미널에 서비스를 제공하는 관련 파이프라인을 위한 전기 구동 통합 압축기 라인 패키지와 터보 기계 장비를 공급하기 위해 이전에 선정된 바 있습니다.
Baker Hughes (NASDAQ: BKR) a sécurisé une commande significative de Bechtel Energy pour des équipements de technologie gazière afin de soutenir la Phase 1 du développement de LNG de Woodside en Louisiane. Le contrat comprend des équipements pour deux usines de liquéfaction d'une capacité totale approximative de 11 MTPA, faisant partie d'un projet plus vaste avec une capacité totale autorisée de 27,6 MTPA.
La commande englobe huit compresseurs de réfrigération principaux entraînés par des turbines à gaz LM6000PF+ et huit compresseurs-expanseurs. Cet accord intervient alors que Woodside vise une préparation à la décision finale d'investissement d'ici le premier trimestre 2025. Baker Hughes avait également été précédemment choisi pour fournir des packages de lignes de compresseurs intégrés électriques et des équipements de turbomachinerie pour le pipeline associé servant le terminal d'exportation de LNG.
Baker Hughes (NASDAQ: BKR) hat einen bedeutenden Auftrag von Bechtel Energy für Gas-Technologieausrüstungen zur Unterstützung der Phase 1 von Woodside's LNG-Entwicklung in Louisiana gesichert. Der Vertrag umfasst Ausrüstungen für zwei Flüssigerdgas-Anlagen mit einer ungefähren Gesamtkapazität von 11 MTPA, Teil eines größeren Projekts mit einer insgesamt genehmigten Kapazität von 27,6 MTPA.
Die Bestellung beinhaltet acht Hauptkälteverdichter, die von LM6000PF+-Gasturbinen betrieben werden, sowie acht Expansionsverdichter. Dieses Abkommen kommt, während Woodside auf die Bereitschaft zur endgültigen Investitionsentscheidung ab dem 1. Quartal 2025 hinarbeitet. Baker Hughes wurde auch zuvor ausgewählt, elektrische integrierte Kompressoren-Paketlinien und turbomaschinen Ausrüstungen für die dazugehörige Pipeline, die den LNG-Exportterminal bedient, zu liefern.
- Secured major equipment order for Woodside's Louisiana LNG development
- Project represents significant portion of total 27.6 MTPA permitted capacity
- Additional contract win following previous selection for ICL packages
- None.
Insights
Baker Hughes' latest contract win for Woodside's Louisiana LNG project represents a
The timing is strategic - with Woodside targeting FID in Q1 2025, Baker Hughes secures an early-mover advantage in what could become a significant revenue stream. The follow-on order after securing the pipeline equipment contract demonstrates Baker Hughes' ability to capture multiple value streams within major LNG projects. Importantly, this positions BKR to potentially secure additional orders for future project phases.
For investors, this represents strong execution in Baker Hughes' Industrial & Energy Technology segment, which commands higher margins compared to traditional oilfield services. The company's proven track record with both Bechtel and Woodside reduces execution risk. This contract will contribute meaningfully to BKR's backlog and provides multi-year revenue visibility.
This contract award aligns perfectly with the accelerating global LNG demand trajectory. The Louisiana LNG development, with its strategic location and substantial capacity, is positioned to capitalize on both Atlantic and Pacific basin market opportunities. Think of it as building a massive energy bridge connecting U.S. gas supplies to energy-hungry markets worldwide.
The selection of Baker Hughes' advanced LM6000PF+ turbine technology is particularly noteworthy. These units offer superior efficiency and reliability - critical factors for LNG plant economics. The integrated solution, combining main refrigeration compressors with expander-compressors, optimizes the liquefaction process, potentially reducing operating costs and improving plant reliability.
From a competitive landscape perspective, this win reinforces Baker Hughes' position as a top-tier LNG technology provider. The combination of their proven technology portfolio and established relationships with major EPC contractors like Bechtel creates a formidable moat in the high-value LNG equipment market.
- Contract awarded by Bechtel for 2 LNG liquefaction plants, featuring main refrigeration compressors driven by LM6000PF+ gas turbines, and expander-compressors
- Technology scope supports Phase 1 of major LNG export project in North America, with a total overall permitted capacity of 27.6 million tonnes per annum
HOUSTON and LONDON, Dec. 30, 2024 (GLOBE NEWSWIRE) -- Baker Hughes (NASDAQ: BKR), an energy technology company, announced Monday an order from Bechtel Energy Inc. (Bechtel) to supply gas technology equipment for two liquefaction plants with a total capacity of approximately 11 MTPA for Phase 1 of Woodside Energy Group Ltd’s (ASX: WDS; NYSE: WDS) (Woodside) Louisiana LNG development opportunity. The order marks a significant milestone as Woodside targets final investment decision (FID) readiness from the first quarter of 2025.
The award, which includes eight main refrigeration compressors driven by LM6000PF+ gas turbines and eight expander-compressors, leverages Baker Hughes’ proven, best-in-class LNG technologies to support Bechtel and Woodside. Baker Hughes’ history of working with Bechtel and Woodside will support the delivery of Phase 1 of the project.
“Louisiana LNG will play a vital role in meeting the world’s increasing LNG demand,” said Paul Marsden, president of Bechtel Energy. “Bechtel is proud to collaborate with Baker Hughes to help deliver this critical project.”
“We are committed to providing our proven technology to ensure the LNG industry stands ready to meet rapidly growing energy demand,” said Ganesh Ramaswamy, executive vice president of Industrial & Energy Technology at Baker Hughes. “Building on our 40-year track record in LNG and established collaboration with both Bechtel and Woodside, we look forward to supporting this important project and contributing to sustainable energy development.”
In addition to this award, Baker Hughes was previously selected to supply Woodside electric-powered Integrated Compressor Line (ICL) packages and other turbomachinery equipment for the associated pipeline serving the LNG export terminal.
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.
For more information, please contact:
Media Relations
Chiara Toniato
+39 3463823419
chiara.toniato@bakerhughes.com
Baker Hughes Investor Relations
Chase Mulvehill
+1 346-297-2564
investor.relations@bakerhughes.com
FAQ
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