OR WAIT null SECS
Glenfarne Energy Transition selected Baker Hughes to deliver gas compression equipment to its LNG import terminal at the Port of Brownsville.
Glenfarne Energy Transition has placed an order with Baker Hughes for the delivery of gas compression equipment, including electric motor drives, to its Texas LNG import terminal in the Port of Brownsville, TX. As per the contract between these companies, Baker Hughes has a framework agreement to make a preliminary financial investment decision (FID) in the project’s late-phase development.
“We are pleased to be partnering with Baker Hughes for this critical equipment,” said Brendan Duval, CEO and Founder of Glenfarne Energy Transition. “Baker Hughes’ strategic commitment into Texas LNG further underscores the commitment between the parties on Texas LNG and its strength as a fully permitted, late-stage infrastructure project.”
The equipment agreement with Baker Hughes allows Texas LNG to take a “green by design” approach, using sources of locally procured renewable energy to power the facility and the plant’s electric motors. Through this approach, Texas LNG will eliminate CO2 emissions to less than half of what’s typically produced in an LNG export project.
“Natural gas and LNG will continue to play a critical role in the energy transition, and we are pleased to support Texas LNG with our technologies and partnership,” said Lorenzo Simonelli, Chairman & CEO of Baker Hughes. “Our decades of experience in the LNG space and our proven solutions will help to ensure greater LNG supply as we work together to balance the energy trilemma of security, sustainability, and affordability.”
Financing for the Texas LNG project will close in 2024 and construction will begin shortly after. Baker Hughes’ equipment delivery will be finalized in conjunction with the financial close of Texas LNG—the first LNG exports from the site are planned for shipment in late 2027 or early 2028.