Baker Hughes has received a full notice to proceed for a contract to supply liquefaction equipment for the Commonwealth LNG project in Louisiana. The project, developed by Kimmeridge and Mubadala, is expected to reach a final investment decision in Q1 2026 and start up in 2030, with a capacity to export 9.5 million metric tons of LNG annually. The project is projected to generate $3.5 billion in annual export revenue.
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