BAKER HUGHES AND TECHNIP ENERGIES JOIN FORCES TO DEVELOP LNG MODULARIZED SOLUTIONS
Technip Energies and Baker Hughes, two leading energy technology companies, announced a Memorandum of Understanding (MoU) that sets the groundwork for their cooperation on the joint development of a new above 1 and up to 2 million tonnes per annum (MTPA) range liquefied natural gas (LNG) modularized solution for the onshore market.
With the ambition to reduce time-to-market for LNG to meet today’s energy demand, this joint development aims to provide an additional offering to the two companies’ respective proprietary LNG modularized solutions: Baker Hughes’ 1 MTPA range LNG Mid-scale Modular Solution (MMS), with a production capacity of 0.8 to 1 MTPA, and Technip Energies’ SnapLNG, with a production capacity of 2 to 3 MTPA.
Technip Energies and Baker Hughes are recognized industry leaders in the LNG space. The agreement builds on their long-standing collaboration and proven track record of executing LNG projects, recognizing the important growth in mid-size LNG as demand increases for modular LNG projects capable of generating more gas capacity.
Technip Energies’ portfolio already includes SnapLNG, a modularized compact and fully electrified solution for the 2 to 3 MTPA, which provides greater certainty around both costs and schedule.
(Source: Baker Hughes)