Baker Hughes Lands Key Tech Deal for ST LNG’s Texas Offshore LNG Project

Event summary

  • Baker Hughes will supply gas compression and power generation tech for ST LNG’s 8.4 MTPA offshore LNG export terminal near Matagorda, Texas.
  • The deal includes two LM6000PF gas turbine-driven compressor trains and three NovaLT™16 gas turbine generator packages.
  • First phase of the project targets 2.1 MTPA capacity, with initial production expected in Q2 2030.
  • Baker Hughes expects to recognize orders as the project advances toward Final Investment Decision.

The big picture

This deal underscores Baker Hughes’ push into offshore LNG technology, a segment gaining traction as energy companies seek to monetize remote gas reserves. The project’s scale—8.4 MTPA at full capacity—positions ST LNG as a significant player in U.S. LNG exports, though its success hinges on navigating regulatory hurdles and securing long-term offtake agreements.

What we're watching

Execution Risk
Whether Baker Hughes can deliver on schedule and within budget for this complex offshore project.
Market Dynamics
How this deal positions Baker Hughes in the competitive LNG technology market.
Regulatory Headwinds
The pace at which regulatory approvals progress for ST LNG’s deepwater port license.