SEATTLE (Oil Monster): Industrial services provider Baker Hughes is gearing up its natural gas offering to cement its presence in what it sees as a central component of the energy systems of tomorrow.
“Our vision for natural gas going forward is that it is not a stopgap solution, but it is part of a backbone of a resilient and low-carbon energy system globally,” Stuart Testar, director of government affairs & public policy, said during the BloombergNEF Summit 2025 in London on Tuesday.
Testar said the company is responding to rising global energy demand — which it forecasts will grow 20% from current levels by 2030 — by expanding its footprint across both upstream and midstream gas infrastructure.
With the company involved in more than 60 liquefied natural gas projects worldwide, around 440 million tonnes per annum of installed capacity currently uses Baker Hughes' equipment.
“We have the subsurface expertise to explore and extract, and we have the power generation, transportation and storage capabilities to produce and deliver that natural gas,” he said.“We are in a phase of an age of gas.”
The company expects the LNG industry to take around 100 final investment decisions globally by the end of 2026. It is positioning itself to support this build-out with technology and innovation aimed at improving efficiency and reducing emissions.
Recent contract wins highlight Baker Hughes’ growing momentum in the sector.
In January, the company was picked to supply modular liquefaction systems and power islands for Venture Global’s Plaquemines LNG project in Louisiana, supporting over 100 mtpa of production capacity.
Earlier this month, Baker Hughes secured another major order for Phase 2 of Sempra Infrastructure’s Port Arthur LNG project, delivering turbines and compressors for two new trains with a combined nameplate capacity of 13 mtpa.
Testar stressed that natural gas is essential to displace coal, which still accounts for 30% of the global energy mix and remains entrenched in power generation across Asia.
“We favour a pairing of natural gas with renewables to reduce the carbon intensity of baseload power,” he said.
Baker Hughes is also active across the carbon capture and storage (CCS) value chain, including compression, transportation, injection and subsurface evaluation — a capability that will be key to extending the role of gas in a lower-carbon future, he said.
“What we need is sustainable energy expansion — reducing the intensity of current hydrocarbons while developing the energies of the future,” Testar said.
Courtesy: www.upstreamonline.com
