Baker Hughes to Supply Key Equipment for $44 Billion Alaska LNG Project

Oilfield services provider Baker Hughes (BKR.O) will supply key equipment for the proposed Alaska LNG project that aims to build a pipeline and terminal to send natural gas from the North Slope of Alaska for export to Asia and other markets, the project's top developer said on Monday.

PROJECT DETAILS

• Baker Hughes will supply refrigerant compressors for the terminal and power generation equipment for a gas treatment plant on the North Slope.
• The $44 billion project involves building an 800-mile (1,287-km) pipeline to transport gas from Alaska's North Slope to the Gulf of Alaska for liquefaction and export.
• The project has received new impetus under President Donald Trump, who wants to maximize fossil fuel development, but faces hurdles including high costs and rugged terrain.
• "With someone like Baker Hughes coming in it's a stamp of approval," said Brendan Duval, CEO of Glenfarne Group, the project's lead developer.
• Glenfarne bought a 75% stake in Alaska LNG in March from the Alaska Gasline Development Corporation.
• A final engineering study is expected late this year, with investment decisions on the pipeline expected early next year and the terminal in late 2026.

(Reporting by Dharna Bafna and Timothy Gardner; Editing by Tasim Zahid and Lisa Shumaker)