Technip Energies and Baker Hughes sign MoU

Engineering and technology company for the energy industry, Technip Energies, and industrial services company, Baker Hughes, have signed a memorandum of understanding (MoU). This sets groundwork for their cooperation on the joint development of a new above 1 and up to 2 million tons per annum (MTPA) (0.9-1.8 million tonnes) range liquefied natural gas (LNG) modularised solution for the onshore market.

With the aim of reducing production time to meet energy demands, this joint development aims to provide an additional offering to the two companies’ respective proprietary LNG modularised 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.

The agreement builds on their long-standing collaboration and proven track record of executing LNG projects.

Arnaud Pieton, CEO of Technip Energies, says: ‘Cooperating in advancing technology in LNG with our long-term partner Baker Hughes is an important step for the energy industry and for our clients…it reflects Technip Energies’ commitment to deliver low-emission liquefaction solutions through electrification and the elimination of fugitive emissions to accelerate the energy transition.’

‘This agreement is a milestone in our relationship with Technip Energies, and it is mutually beneficial to both companies, leveraging our respective technology expertise and proven track record in the LNG space while maximizing benefits for our customers,’ adds Lorenzo Simonelli, chairman and CEO of Baker Hughes.