Baker Hughes, NextDecade Enter Framework Agreement for Rio Grande LNG Expansion Trains

Core Viewpoint - Baker Hughes and NextDecade Corporation have entered into a framework agreement for the utilization of Baker Hughes' gas turbine and refrigerant compressor technology at the Rio Grande LNG Facility, which is expected to enhance the efficiency and reliability of LNG operations [1][2]. Group 1: Agreement Details - NextDecade plans to use Baker Hughes' Equipment Packages and enter into maintenance service agreements for Trains 4 through 8 at the Rio Grande LNG Facility [1][2]. - The agreement signifies a continuation of the long-standing relationship between Baker Hughes and NextDecade, aimed at supporting increasing energy demand through innovative solutions [2][3]. Group 2: Project Progress - NextDecade is advancing on the commercialization of Rio Grande LNG Trains 4 and 5, with expectations to make positive final investment decisions and commence construction, contingent on governmental approvals and financing [2][3]. - The company is also developing Trains 6 through 8, which are expected to increase total liquefaction capacity by approximately 18 million tonnes per annum once operational [3]. Group 3: Company Backgrounds - Baker Hughes is an energy technology company providing solutions globally, with a focus on making energy safer, cleaner, and more efficient [4]. - NextDecade is committed to delivering reliable, lower carbon energy solutions, focusing on natural gas liquefaction and carbon capture and storage infrastructure, with a potential liquefaction capacity of approximately 48 million tonnes per annum [5].