Page 15 - BAKER HUGHES PR REPORT - APRIL 2024
P. 15
Baker Hughes said in its quarterly report that near-term project FID
sequencing was disrupted by the US moratorium on non-FTA LNG export
approvals.
The company expects most impacted US projects to proceed in 2025 and
2026.
Simonelli said that Baker Hughes expects global LNG FIDs of about 100
mtpa over the next three years.
“This view, supported by customer dialogue and our internal LNG demand
expectations, would result in our installed capacity increasing by 70
percent,” he said.
Simonelli said that this growing installed base brings “significant
opportunities” for Baker Hughes across the lifecycle of the equipment.
“Like our industrial peers, our gas tech business typically generates more
profitability on the less cyclical aftermarket services. For LNG equipment
specifically, this accounted for less than 10 percent of our total company
Ebitda last year,” he said.
https://lngprime.com/americas/baker-hughes-won-200-million-in-lng-equipment-orders-in-
q1/110589/
