Baker Hughes will supply six liquefaction blocks, 12 modules in total, to Venture Global's CP2 LNG expansion in Louisiana. The order, announced July 27, 2026 and booked in the second quarter, is less a new sale than an existing relationship getting bigger: Baker Hughes already supplies liquefaction equipment across more than 100 million tonnes per year of Venture Global's existing and planned output.
What the order covers
Each of the six blocks pairs two single mixed-refrigerant, or SMR, liquefaction modules with a compression train built around Baker Hughes' centrifugal compressors. The full scope:
- 12 SMR liquefaction modules, two per block
- Compression trains with Baker Hughes centrifugal compressors
- Cold boxes and air coolers
- Integrated control systems
Liquefaction chills natural gas into a liquid, shrinking its volume so it can move by ship instead of by pipeline. Cold boxes hold the heat-exchange equipment that does the cooling.
A deal built on two operating terminals
Baker Hughes has already supplied liquefaction systems to Venture Global's Calcasieu Pass and Plaquemines LNG facilities under the companies' master equipment supply agreement. Venture Global CEO Mike Sabel called Baker Hughes a trusted partner across the company's LNG developments. Baker Hughes chairman and chief executive Lorenzo Simonelli said the order reflects a shared push to scale modular LNG technology and grow US gas supply.
Gas market backdrop
The order lands with US gas markets at $3.06 per MMBtu at Henry Hub as of June 15, 2026, according to the EIA. Venture Global separately doubled its LNG supply to Greece under an expanded 20-year deal.
