Rendering of the future Argent LNG terminal;
Argent LNG, a U.S.-based energy company dedicated to developing liquefied natural gas (LNG) export solutions, has picked energy company Baker Hughes to supply the liquefaction solution and related services for its proposed natural gas export facility in Port Fourchon, Louisiana.
Under the deal, Baker Hughes is set to provide liquefaction solutions, power generation equipment, and gas compression systems for the facility, which is envisaged to deliver approximately 24 million tonnes per annum (mtpa) of LNG.
According to the energy company, the equipment will encompass its NMBL modularized LNG solution powered by the LM9000 gas turbine and integrate the iCenter digital solutions to increase availability, reliability, and operational efficiency. Baker Hughes will also provide power generation units driven by LM9000 gas turbines and provide multi-year services to support Argent LNG terminal operations.
“Today’s announcement is a further testament to the technology capabilities that we have built over the past 30-plus years in LNG. This collaboration with Argent LNG underscores our commitment to delivering advanced, best-in-class LNG solutions,” noted Lorenzo Simonelli, Chairman and CEO of Baker Hughes.
The energy tech player believes its experience will optimize project execution and ensure a streamlined, cost-effective design. It also expects subsequent orders related to this agreement, as the project moves toward the final investment decision (FID).
Jonathan Bass, chairman and CEO of Argent LNG, said: “We chose Baker Hughes because of their proven cutting-edge technology, established LNG market presence, and commitment to innovation — all of which align perfectly with Argent LNG’s vision to provide transformative energy solutions.”
Argent LNG is envisaged to be developed in two stages. The construction of Phase 1 is scheduled to start in 2026, with commercial operations expected by 2030. As for Phase 2, resource reporting, securing Federal Energy Regulatory Commission (FERC) approvals, formalizing gas supply agreements, and achieving financial close are said to be ongoing.
The Government of Bangladesh inked a deal to purchase up to 5 mtpa from the proposed terminal in late January. According to Ashik Chowdhury, Executive Chairman of Bangladesh Investment Development Authority (BIDA), the agreement ensures a reliable energy supply for Bangladesh’s industry and strengthens the country’s strategic partnership with the United States.
