Baker Hughes Lands $1B+ LNG Tech Order for Venture Global’s CP2 Expansion — Baker Hughes Company

Event summary

Baker Hughes secured a major order from Venture Global LNG to supply six liquefaction blocks (12 modules) for the CP2 LNG expansion project in Louisiana.
The deal, booked in Q2 2026, extends an existing master equipment supply agreement between the two companies.
Baker Hughes will provide SMR liquefaction technology, centrifugal compressors, cold boxes, and integrated control systems.
This order supports over 100 million tonnes per annum of Venture Global’s existing and planned LNG production capacity.

The big picture

This order reinforces Baker Hughes’ role as a key enabler of U.S. LNG export growth, aligning with global energy security priorities. The deal underscores the industry’s shift toward modular liquefaction solutions to meet rising demand efficiently. With over 100 million tonnes per annum of Venture Global’s capacity supported by Baker Hughes’ technology, this partnership could set a benchmark for future LNG infrastructure projects.

What we're watching

Execution Risk: Whether Baker Hughes can deliver the liquefaction technology on time and within budget for Venture Global’s aggressive expansion timeline.
Market Demand: The pace at which global LNG demand will grow, justifying the scale of Venture Global’s CP2 expansion.
Strategic Partnerships: How this deal strengthens Baker Hughes’ position as a preferred supplier in the U.S. LNG sector.