Baker Hughes and Venture Global expand LNG power generation partnership through 2034

Baker Hughes has signed a Power Frame Agreement with Venture Global and GE Vernova to supply turbines and related equipment for up to 16 power islands supporting LNG production and potential data centers in the U.S. This long-term deal, with deliveries scheduled from 2028 to 2034, builds on their existing LNG power island model to enable efficient behind-the-meter power generation. The partnership aims to support Venture Global's LNG expansion and industrial operations, with the first purchase order expected by the end of 2026. This collaboration highlights the growing importance of reliable power solutions for LNG facilities and adjacent industries like data centers.

Baker Hughes shares are currently priced at USD 53.77 on Pluang, showing a 2.89% decline in the last day. The stock holds a market cap of $54.96 billion and is fully favored by buyers on the platform as of Oct 15, 2026 20:51 WIB.