Baker Hughes announces LNG equipment order from Qatar Petroleum
The logo of Baker Hughes (BKR) is seen in this image provided July 21, 2020. Baker Hughes/Handout via REUTERS
Get Alerts BHGE Hot Sheet
Join SI Premium – FREE
(Reuters) - Baker Hughes (NYSE: BHGE) said on Tuesday it has secured an order from Qatar Petroleum for the supply of main refrigerant compressors for Qatar' project to expand its liquefied natural gas (LNG) capacity.
Qatar is aiming to increase its LNG capacity by 2025 to 100 million tonnes from 77 million tonnes.
"This order is among the largest LNG deals secured by Baker Hughes in the past five years, for both mtpa (million tonnes per annum) and equipment awarded," Baker Hughes said in a statement.
(Reporting by Ekaterina Kravtsova; editing by Jason Neely)
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- JPMorgan hires healthcare banker David Blais from Guggenheim, sources say
- Samsara soars on strong earnings beat and solid guide
- Dell’s earning report was bullish for Intel CPU demand, analyst says
Create E-mail Alert Related Categories
General News, ReutersSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!



Tweet
Share