Baker Hughes To Supply 3 Liquefaction Trains For NextDecade's Rio Grande LNG Project
Portfolio Pulse from Happy Mohamed
Baker Hughes (NASDAQ:BKR) has been awarded a contract by Bechtel Energy Inc. to supply three Main Refrigerant Compressors (MRCs) for NextDecade's Rio Grande LNG project in Texas. The technology is capable of producing a nameplate capacity of approximately 17.61 million tonnes per annum (MTPA). This follows another recent contract awarded by Bechtel to Baker Hughes to supply two liquefaction trains for another LNG project in Texas.
July 06, 2023 | 12:15 pm
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POSITIVE IMPACT
Baker Hughes has secured a significant contract to supply equipment for NextDecade's Rio Grande LNG project, which could boost its revenues and profitability.
The contract to supply equipment for the Rio Grande LNG project is a significant win for Baker Hughes, which could lead to increased revenues and profitability. The company's expertise in the LNG space and its proven technology solutions were likely key factors in securing the contract.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
NextDecade's Rio Grande LNG project is moving forward with Baker Hughes supplying key equipment, which could accelerate the project's timeline and potentially its profitability.
The procurement of key equipment from Baker Hughes for the Rio Grande LNG project is a positive development for NextDecade. This could accelerate the project's timeline and potentially increase its profitability, given Baker Hughes' proven technology solutions.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80