Baker Hughes To Supply Liquefaction Equipment For Rio Grande LNG Facility Expansion

• Baker Hughes signed a deal with Bechtel Energy to supply primary liquefaction equipment for Train 5 at the Rio Grande LNG Facility. 
• The Train 5 package will feature two Frame 7 gas turbines and six centrifugal compressors, and low-emission technologies. 
• Baker Hughes has also provided its Cordant Asset Health solution to improve equipment monitoring, failure diagnostics, and cloud-based visualization of vibration data
   

Baker Hughes Co. (BKR) announced on Thursday that it has signed a contract with Bechtel Energy to supply primary liquefaction equipment for Train 5 of the Rio Grande LNG Facility in Texas.

A train consists of various components to process, purify, and convert natural gas to liquefied natural gas (LNG).

The Train 5 package will feature two Frame 7 gas turbines and six centrifugal compressors, and low-emission technologies. These systems will help add about 6 million tonnes per annum (MTPA) of LNG capacity to the facility.

The award follows an order for Train 4 in September and is part of a broader framework covering Trains 4 through 8, the company said.

Additionally, Baker Hughes has also provided its Cordant Asset Health solution across Trains 1 to 3. The platform will improve equipment monitoring, failure diagnostics, and cloud-based visualization of vibration data.

NextDecade is developing the first five liquefaction trains at its Rio Grande LNG facility, which will have a potential liquefaction capacity of about 48 MTPA across projects under construction and in development.

Baker Hughes shares were up 1% in premarket trade.

How Did Retail Investors React?

Despite the development, retail sentiment on Stocktwits remained on the 'bearish' territory over the past 24 hours. 

 Year-to-date, the BKR stock has gained more than 13%.

For updates and corrections, email newsroom[at]stocktwits[dot]com.

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