Baker Hughes to Supply Liquefaction Equipment for Commonwealth LNG Export Project

Rhea-AI Summary

Baker Hughes (NASDAQ: BKR) received a Full Notice To Proceed from Technip Energies to supply primary liquefaction equipment for Commonwealth LNG’s 9.5 MTPA export facility in Cameron, Louisiana, announced Dec. 22, 2025.

The contract covers six mixed‑refrigerant turbo compressor trains using LM9000 aeroderivative gas turbines paired with centrifugal compressors, and includes commissioning services, capital spares, extended warranty, and a full string test. The LM9000 is specified in the release as a 70+ MW class turbine with >44% ISO efficiency.

Positive

• Award covers 6 mixed‑refrigerant turbomachinery trains
• Project sized at 9.5 MTPA LNG export capacity
• Scope includes commissioning, capital spares, extended warranty, and full string test
• LM9000 gas turbine: 70+ MW class with >44% ISO efficiency

Negative

• Commonwealth LNG financing and final investment decision remain underway, so project funding is not yet finalized

Key Figures

Facility capacity 9.5 MTPA Commonwealth LNG export facility design capacity

Liquefaction trains 6 trains Mixed refrigerant turbomachinery trains for LNG production

Gas turbine power class 70+ MW LM9000 gas turbine power range

Turbine efficiency more than 44% LM9000 efficiency in ISO conditions

Market Reality Check

$50.20 Last Close

Volume Volume 18,184,696 is 2.29x the 20-day average 7,951,878, indicating elevated pre-news activity. high

Technical Price at 44.71 is trading above the 200-day MA 43.09, reflecting an existing upward bias before this LNG award.

Peers on Argus

Peers were mixed: FTI +1.96%, HAL +0.65%, NOV +0.64% versus SLB -0.44% and TS -1.31%, suggesting today’s Baker Hughes LNG award skews more company-specific than broad sector-driven.

Historical Context

Date	Event	Sentiment	Move	Catalyst
Dec 17	Kuwait ESP contract	Positive	+0.6%	Multi-year ESP award to enhance Kuwait Oil Company field production.
Nov 10	Alaska LNG deal	Positive	+0.3%	Agreements to supply compressors and power equipment for Alaska LNG project.
Nov 06	Rio Grande LNG order	Positive	+0.5%	Additional liquefaction equipment order for Rio Grande LNG Train 5 expansion.
Oct 24	Aramco drilling award	Positive	-3.3%	Multi-year expansion of UBCTD operations across Saudi gas fields.
Oct 23	Q3 2025 earnings	Positive	+3.4%	Solid Q3 results with strong IET backlog and LNG-driven order momentum.

Pattern Detected

Recent contract and project awards, especially in LNG and gas infrastructure, have generally seen modestly positive next-day price alignment, with one notable divergence on a Saudi Arabia drilling expansion award.

Recent Company History

Over the last few months, Baker Hughes has reported a steady cadence of large contracts and strategic moves. LNG-related awards in Alaska and Rio Grande, plus artificial lift and coiled tubing expansions in Kuwait and Saudi Arabia, have reinforced its role in major gas infrastructure. Q3 2025 results showed $8.2B orders, $7.0B revenue and strong backlog, alongside the planned $13.6B Chart acquisition. Today’s Commonwealth LNG equipment award extends this trend of sizeable LNG and gas technology wins across multiple regions.

Market Pulse Summary

This announcement adds another major LNG equipment award to Baker Hughes’ growing portfolio, supporting a 9.5 MTPA export facility with six liquefaction trains and LM9000 turbines featuring more than 44% efficiency. It reinforces recent LNG and gas-infrastructure wins highlighted in prior contracts and Q3 2025 results. Investors may watch for further large-scale orders, execution milestones on existing LNG projects, and updates on how this project contributes to longer-term backlog and industrial & energy technology growth.

Key Terms

mixed refrigerant turbomachinery trains technical

"covers 6 mixed refrigerant turbomachinery trains for LNG production in"

A mixed refrigerant turbomachinery train is the set of large compressors, turbines and associated piping that circulates a carefully blended mix of gases to cool and condense hydrocarbons in industrial refrigeration systems, most commonly in liquefied natural gas (LNG) plants. Investors should care because these trains are major capital assets whose efficiency, reliability and maintenance needs directly affect production capacity, operating costs and the timing of revenue for energy projects — like the cooling system of a giant factory.

aeroderivative gas turbines technical

"LM9000 aeroderivative gas turbines paired with centrifugal compressors"

Aeroderivative gas turbines are power engines adapted from aircraft jet engines to produce electricity or drive industrial machinery on land. They are lighter, quicker to start and more flexible with fuels than big stationary turbines—think of taking a high-performance car engine and using it to run a generator. Investors care because these units can cut startup times, fit into fast-response power markets, reduce downtime and capital costs, and are sensitive to fuel prices and maintenance expenses, all of which affect profitability and asset value.

centrifugal compressors technical

"aeroderivative gas turbines paired with centrifugal compressors, leverages"

Centrifugal compressors are machines that speed up gas using a spinning impeller and then convert that speed into higher pressure, similar to how a fast-spinning fan pushes air outward but concentrated into a pressure boost. Investors care because these compressors are critical pieces of infrastructure in industries like energy, petrochemicals, refrigeration and power: their efficiency, reliability and maintenance costs directly affect production capacity, operating expenses and capital spending, which in turn influence company margins and project economics.

lng technical

"state-of-the-art export facility, designed to meet the growing global demand for reliable, lower-carbon LNG."

Liquefied natural gas (LNG) is natural gas that has been cooled into a liquid so it takes up far less space for transport and storage, like turning a bulky bundle into a compact package for shipping. Investors care because LNG enables gas trade across regions without pipelines, so changes in production, export capacity, shipping, or demand can quickly affect energy company revenues, infrastructure operators and commodity prices, amplifying both opportunity and risk.

mean time between maintenance technical

"Its mean time between maintenance (MTBM) and a compact package design"

Mean time between maintenance (MTBM) is the average interval of operating time between required maintenance actions for a machine or system. For investors, a longer MTBM implies greater equipment reliability, fewer interruptions, and lower ongoing repair costs, which can boost production and margins; think of it like how long a car goes between visits to the mechanic — longer intervals mean less downtime and lower running expenses.

AI-generated analysis. Not financial advice.

• Award from Technip Energies covers 6 mixed refrigerant turbomachinery trains for LNG production in Cameron, Louisiana
• LM9000 gas turbines paired with centrifugal compressors to deliver high efficiency, reliability, and lower carbon intensity
• Order builds on strategic agreement between Commonwealth LNG and Baker Hughes for advanced equipment, services, and digital solutions
  

HOUSTON and LONDON, Dec. 22, 2025 (GLOBE NEWSWIRE) -- Baker Hughes (NASDAQ: BKR), an energy technology company, announced Monday it received a Full Notice To Proceed from Technip Energies on behalf of Commonwealth LNG to supply primary liquefaction equipment for Commonwealth LNG’s 9.5 million tonnes per annum (MTPA) export facility currently under development in Cameron, Louisiana.

The award, which includes six refrigerant turbo compressors comprising LM9000 aeroderivative gas turbines paired with centrifugal compressors, leverages Baker Hughes’ proven, best-in-class LNG technologies to support Technip Energies and Commonwealth LNG. Baker Hughes’ established collaboration with both companies will help ensure the efficient delivery of Commonwealth LNG’s state-of-the-art export facility, designed to meet the growing global demand for reliable, lower-carbon LNG.

“This significant capital investment in the Commonwealth LNG platform is a key milestone, along with the financing process, which is well underway, and illustrates our level of commitment to developing this global-scale LNG project,” said Caturus Chief Executive Officer David Lawler. “The Commonwealth project is a crucial component of Caturus’ wellhead-to-water strategy, and this is another important step toward building the nation’s leading independent integrated natural gas company.”  

“Building on our long-standing relationship with Baker Hughes, this award for critical liquefaction equipment marks another significant milestone in advancing the Commonwealth LNG project toward its final investment decision,” said Arnaud Pieton, CEO of Technip Energies. “This progress reflects our strong collaboration with our customer Commonwealth LNG and our equipment partners. I look forward to our teams working together to deliver a world-class modular LNG facility, enhancing energy security while addressing growing global demand for gas and LNG."

“Delivering our LM9000 technology to Commonwealth LNG is an additional milestone that demonstrates the strength of Baker Hughes’ proven capabilities across the LNG value chain,” said Baker Hughes Chairman and CEO Lorenzo Simonelli. “This award underscores our commitment to enabling energy infrastructure that is critical to support sustainable energy development, delivering affordable and reliable energy to meet growing global demand.”

The LM9000 is the most efficient gas turbine in its power class (70+ MW range) with more than 44% efficiency in ISO conditions. Its mean time between maintenance (MTBM) and a compact package design enable simplified maintenance, extended service intervals, high availability, and fast installation and commissioning. The scope also includes commissioning services, capital spares, extended warranty, and a full string test.

About Baker Hughes 
Baker Hughes (NASDAQ: BKR) is an energy technology company that provides solutions to energy and industrial customers worldwide. Built on a century of experience and conducting business in over 120 countries, our innovative technologies and services are taking energy forward – making it safer, cleaner and more efficient for people and the planet. Visit us at bakerhughes.com. 

For more information, please contact: 

Media Relations 
Chiara Toniato 
+39 3463823419 
chiara.toniato@bakerhughes.com    

Investor Relations 
Chase Mulvehill 
+1 346-297-2561 
investor.relations@bakerhughes.com  

FAQ

What did Baker Hughes (BKR) announce on Dec. 22, 2025 about Commonwealth LNG?

Baker Hughes said it received a Full Notice To Proceed to supply primary liquefaction equipment for Commonwealth LNG’s 9.5 MTPA export facility.

How many turbomachinery trains will Baker Hughes supply for Commonwealth LNG (BKR)?

The award covers six mixed‑refrigerant turbo compressor trains using LM9000 turbines paired with centrifugal compressors.

What LM9000 performance specs did Baker Hughes disclose for the Commonwealth LNG contract?

The LM9000 is described as a 70+ MW class turbine with more than 44% efficiency in ISO conditions.

Does the Baker Hughes (BKR) scope for Commonwealth LNG include services beyond equipment?

Yes — the scope includes commissioning services, capital spares, extended warranty, and a full string test.

Will the Commonwealth LNG supply award immediately increase Baker Hughes (BKR) revenue?

The announcement confirms a Full Notice To Proceed for equipment supply, but it does not provide specific revenue or timing figures.

What project risks remain after Baker Hughes’ Commonwealth LNG award (BKR)?

According to the announcement, Commonwealth LNG’s financing and final investment decision are still underway, which is a key project risk.