Close Menu
World Economist – Global Markets, Finance & Economic Insights
  • Home
  • Economist Impact
    • Economist Intelligence
    • Finance & Economics
  • Business
  • Asia
  • China
  • Europe
  • Economy
  • USA
    • Middle East & Africa
    • Highlights
  • This week
  • World Economy
    • World News
What's Hot

Copper hits record $12,000 with positive outlook

December 23, 2025

The US dollar endured a difficult year in 2025, so what comes next in 2026?

December 23, 2025

Why an analyst sees Meta shares getting back to record highs – plus, another tariff reprieve

December 23, 2025
Facebook X (Twitter) Instagram
Tuesday, December 23
Facebook X (Twitter) Instagram
World Economist – Global Markets, Finance & Economic Insights
  • Home
  • Economist Impact
    • Economist Intelligence
    • Finance & Economics
  • Business
  • Asia
  • China
  • Europe
  • Economy
  • USA
    • Middle East & Africa
    • Highlights
  • This week
  • World Economy
    • World News
World Economist – Global Markets, Finance & Economic Insights
Home » Baker Hughes, NextDecade sign framework agreement for Rio Grande LNG project
Business

Baker Hughes, NextDecade sign framework agreement for Rio Grande LNG project

adminBy adminJuly 1, 2007No Comments3 Mins Read
Share Facebook Twitter Pinterest Copy Link LinkedIn Tumblr Email VKontakte Telegram
Share
Facebook Twitter Pinterest Email Copy Link
Post Views: 147


Baker Hughes, an energy technology provider, has entered into a framework agreement with NextDecade, a liquefied natural gas (LNG) company, to supply gas turbine and refrigerant compressor technology for trains four through eight of the Rio Grande LNG facility in Texas, US.

As part of the agreement, Baker Hughes will also deliver maintenance services for these equipment packages.

The Rio Grande LNG facility is being developed on a 984-acre site in Brownsville, Texas. It will produce low-carbon intensive LNG and is considered to be the largest privately funded infrastructure project in Texas.

NextDecade is advancing the commercialisation of Rio Grande LNG trains four and five, with construction expected to commence following a positive final investment decision (FID).

This decision is contingent upon securing necessary government approvals, finalising engineering, procurement and construction contracts, establishing commercial agreements, and obtaining sufficient financing for each train and its associated infrastructure.

NextDecade chairman and CEO Matt Schatzman added: “Utilising Baker Hughes’ industry-leading rotating equipment and their maintenance services is critical to ensuring the Rio Grande LNG facility operates efficiently and reliably.

“We look forward to continuing our collaboration with Baker Hughes as we progress our plans to make the Rio Grande LNG facility one of the largest LNG production and export facilities in the world.”

The development and permitting process for trains six through eight, wholly owned by NextDecade, is also under way.

These additional trains are projected to boost the company’s total liquefaction capacity by approximately 18 million tonnes per annum upon completion and operation.

Baker Hughes anticipates receiving orders in line with this agreement as NextDecade’s project progresses.

Baker Hughes chairman and CEO Lorenzo Simonelli said: “Baker Hughes is proud to continue our long-standing relationship with NextDecade, providing advanced gas technology solutions that enhance the efficiency and reliability of their LNG operations.

“This agreement is a further example of our commitment to delivering innovative solutions in support of increasing energy demand.”

Last month, Baker Hughes secured a major gas compression technology order for phase three of Aramco’s Jafurah gas field expansion in Saudi Arabia.

The company will supply electric motor-driven compression solutions through its expanded Dammam Centre as part of the contract.

“Baker Hughes, NextDecade sign framework agreement for Rio Grande LNG project” was originally created and published by Offshore Technology, a GlobalData owned brand.

 

The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site.



Source link

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email Telegram Copy Link
admin
  • Website

Related Posts

Business

Swire Pacific’s Guy Bradley to take reins at Hong Kong’s Cathay Pacific, Swire Coca-Cola

December 23, 2025
Business

Luxury EV built with Huawei outsells Porsche’s Panamera and BMW’s 7 Series in China

December 23, 2025
Business

Chinese start-ups Zhipu and MiniMax release latest AI models ahead of Hong Kong listing

December 23, 2025
Business

China’s Xiaomi rejects claims of military ties after US lawmakers’ appeal to Pentagon

December 23, 2025
Business

China’s Kuaishou hit by breach as explicit content floods live-streaming rooms

December 23, 2025
Business

Nvidia aims to start H200 AI chip shipments to China by mid-February, sources say

December 23, 2025
Add A Comment
Leave A Reply Cancel Reply

Editors Picks

Solarisation in Pakistan: affordability remains binding constraint, says study – Pakistan

December 23, 2025

PPL discovers gas reserves in Sindh – Markets

December 23, 2025

Rupee inches up against US dollar – Markets

December 23, 2025

What will it take for Pakistani firms to succeed in Saudi Arabia? – Business & Finance

December 23, 2025
Latest Posts

PSX hits all-time high as proposed ‘neutral-to-positive’ budget well-received by investors – Business

June 11, 2025

Sindh govt to allocate funds for EV taxis, scooters in provincial budget: minister – Pakistan

June 11, 2025

US, China reach deal to ease export curbs, keep tariff truce alive – World

June 11, 2025

Subscribe to News

Subscribe to our newsletter and never miss our latest news

Subscribe my Newsletter for New Posts & tips Let's stay updated!

Recent Posts

  • Copper hits record $12,000 with positive outlook
  • The US dollar endured a difficult year in 2025, so what comes next in 2026?
  • Why an analyst sees Meta shares getting back to record highs – plus, another tariff reprieve
  • Eli Lilly investors shouldn’t sweat rival Novo Nordisk having the first obesity pill on sale
  • Solarisation in Pakistan: affordability remains binding constraint, says study – Pakistan

Recent Comments

No comments to show.

Welcome to World-Economist.com, your trusted source for in-depth analysis, expert insights, and the latest news on global finance and economics. Our mission is to provide readers with accurate, data-driven reports that shape the understanding of economic trends worldwide.

Latest Posts

Copper hits record $12,000 with positive outlook

December 23, 2025

The US dollar endured a difficult year in 2025, so what comes next in 2026?

December 23, 2025

Why an analyst sees Meta shares getting back to record highs – plus, another tariff reprieve

December 23, 2025

Subscribe to Updates

Subscribe to our newsletter and never miss our latest news

Subscribe my Newsletter for New Posts & tips Let's stay updated!

Archives

  • December 2025
  • November 2025
  • October 2025
  • September 2025
  • August 2025
  • July 2025
  • June 2025
  • May 2025
  • April 2025
  • March 2025
  • February 2025
  • January 2025
  • December 2024
  • June 2024
  • March 2024
  • October 2022
  • March 2022
  • July 2021
  • February 2021
  • January 2021
  • November 2019
  • April 2011
  • January 2011
  • December 2007
  • July 2007

Categories

  • AI & Tech
  • Asia
  • Banking
  • Business
  • Business
  • China
  • Climate
  • Computing
  • Economist Impact
  • Economist Intelligence
  • Economy
  • Editor's Choice
  • Europe
  • Europe
  • Featured
  • Featured Business
  • Featured Climate
  • Featured Health
  • Featured Science & Tech
  • Featured Travel
  • Finance & Economics
  • Health
  • Highlights
  • Markets
  • Middle East
  • Middle East & Africa
  • Middle East News
  • Most Viewed News
  • News Highlights
  • Other News
  • Politics
  • Russia
  • Science
  • Science & Tech
  • Social
  • Space Science
  • Sports
  • Sports Roundup
  • Tech
  • This week
  • Top Featured
  • Travel
  • Trending Posts
  • Ukraine Conflict
  • Uncategorized
  • US Politics
  • USA
  • World
  • World & Politics
  • World Economy
  • World News
© 2025 world-economist. Designed by world-economist.
  • Home
  • About Us
  • Advertise With Us
  • Contact Us
  • DMCA
  • Privacy Policy
  • Terms & Conditions

Type above and press Enter to search. Press Esc to cancel.