Technip, Baker Hughes to collaborate on mid-scale LNG
France’s Technip Energies and Houston-based Baker Hughes said November 17 they had signed a memorandum of understanding (MoU) to pursue the joint development of mid-scale modular LNG solutions in the 1-2mn metric tons/year range.
With the ambition to reduce the time to market for LNG to meet today’s energy demands, the collaboration will build on the partners’ respective modular LNG solutions – Technip’s SnapLNG™, which offers capacities in the 2-3mn mt/yr range, and Baker Hughes’ mid-scale modular solutions (MMS), which can deliver capacities ranging from 800,000-1mn mt/yr.
The two have a long history of collaboration and a proven track record in executing LNG projects. The latest collaboration recognises the importance of mid-size LNG solutions as demand for LNG grows globally.
“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,” Technip CEO Arnaud Pieton said. “The combination of our expertise, modular approach and references will enable shorter delivery times and better affordability.”
Most importantly, he said, the mid-scale modular solutions Technip and Baker Hughes will pursue will feature electric-drive compression and eliminate fugitive emissions from the liquefaction process.
“LNG will continue to play a key role to solve the energy trilemma, and the ability to accelerate time-to-production through modularised solutions can be a differentiator,” Baker Hughes CEO Lorenzo Simonelli said.