Benzinga | Sep 29, 2020 08:05AM EDT

Baker Hughes Announces Major LNG Turbomachinery Order From Qatar Petroleum For North Field East (NFE) Project

* Order for main refrigerant compressors (MRCs) consists of 12 gas turbines and 24 centrifugal compressors, as part of four additional LNG "mega trains"

* Among largest LNG deals for Baker Hughes in the past five years, for both MTPA and equipment awarded

* Project represents a significant step toward boosting Qatari LNG production capacity from 77 million to 110 million tons by 2025, propelling Qatar to global LNG production leadership

Baker Hughes (NYSE:BKR) announced an order with longtime partner Qatar Petroleum to supply multiple main refrigerant compressors (MRCs) for Qatar Petroleum's North Field East (NFE) project, executed by Qatargas. The total award is part of four LNG "mega trains," representing 33 million tons per annum (MTPA) of additional capacity, which will increase Qatar's total liquefied natural gas (LNG) production capacity from 77 MTPA to 110 MTPA and help to propel the Gulf nation to global LNG production leadership by 2025. This order is among the largest LNG deals secured by Baker Hughes in the past five years, for both MTPA and equipment awarded.

The order reinforces more than two decades of trust and successful turbomachinery collaboration between Baker Hughes, Qatar Petroleum and Qatargas. With Qatargas already operating six existing LNG "mega trains" driven by Frame 9E gas turbine refrigerant compressors provided by Baker Hughes, the NFE project underscores the leadership of Baker Hughes LNG technology in the Gulf region and for the world's most complex LNG projects.