(Source: NextDecade)
NextDecade (NEXT) and Baker Hughes (BKR) announced an agreement for BKR to supply gas turbine and refrigerant compression for NextDecade’s Trains 4 through 8 at Rio Grande LNG.
Baker Hughes was also contracted to maintain the equipment at Rio Grande. NextDecade is working toward a final investment decision on Trains 4 and 5 at the Brownsville, Texas, facility. The company is developing the remaining trains and said in February it had started the permitting process for an expansion.
Financial terms were not disclosed as the orders are still being determined, according to a March 11 press release.
Rio Grande LNG’s Trains 1 through 3 are under construction, with LNG production expected by 2027.
“Utilizing Baker Hughes’ industry-leading rotating equipment and their maintenance services is critical to ensuring the Rio Grande LNG Facility operates efficiently and reliably,” Matt Schatzman, chairman and CEO of NextDecade, said in the press release.
RELATED
Recommended Reading
EIA: Tariff Chaos, OPEC Output Increases Spell $57/bbl WTI in 2026
2025-04-10 - Energy Information Administration price estimates for 2025 and 2026 are bad news for producers—if they come to pass—as breakeven prices for operators, even in the Permian Basin, require between $61/bbl and $62/bbl to remain profitable.
Diamondback, Double Eagle Form JV to Drill in Southern Midland Basin
2025-02-19 - Double Eagle IV is selling mostly undeveloped, core Midland Basin acreage to Diamondback Energy for $4.1 billion. Double Eagle will retain a significant amount of existing production in the southern Midland Basin, where it’s partnering with Diamondback to “accelerate development.”
What's Affecting Oil Prices This Week? (March 24, 2025)
2025-03-24 - Oil demand will be picking up as we move into warmer months for the northern hemisphere. For the upcoming week, Stratas Advisors think the price of Brent crude will move higher and will test $73.
What's Affecting Oil Prices This Week? (Feb. 10, 2025)
2025-02-10 - President Trump calls for members of OPEC+ and U.S. shale producers to supply more oil to push down oil prices to the neighborhood of $45/bbl.
What's Affecting Oil Prices This Week? (April 14, 2025)
2025-04-14 - Stratas Advisors expect that oil prices will trend upward, in part, because the Trump Administration recently announced exemptions to tariffs for some electronic goods from China.
Comments
Add new comment
This conversation is moderated according to Hart Energy community rules. Please read the rules before joining the discussion. If you’re experiencing any technical problems, please contact our customer care team.