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Baker Hughes Signs New Power Framework Agreement with Venture Global

Baker Hughes (BKR) announced a new Power Frame Agreement with Venture Global (VG) and GE Vernova (GEV) to support the development of behind-the-meter power generation in the United States. "The framework is designed to support Venture Global's continued LNG production and liquefaction, as well as potential future LNG-adjacent data center development projects. The agreement establishes the framework for the supply of gas turbines, steam turbines and associated equipment and services for up to 16 new power island units. In addition, Baker Hughes will provide the controls and electrical integration technology required to operate each island, including the E-house and electrical control systems. The framework builds on the LNG power island architecture previously deployed by Baker Hughes for Venture Global facilities, providing a repeatable model for behind-the-meter power generation designed to serve LNG production and related industrial operations at scale, with potential support of adjacent applications. Deliveries contemplated under the agreement are scheduled from 2028 through 2034," Baker Hughes stated. Venture Global currently expects to place the first power island purchase order by the end of 2026, with additional orders anticipated beginning in 2027, the company added.

Venture Global Signs Power Agreements with GE Vernova and Baker Hughes

Venture Global has entered into power and grid frame agreements with GE Vernova and Baker Hughes Energy Services for up to 16 new, 720 MW power island units and associated power transformer equipment, supporting the continued expansion of its existing behind-the-meter, Island-Mode industrial power network that is not reliant on the grid. The agreements will provide a pathway to make up to 10 GW of new compute capacity available over time - at sites owned or controlled by the company - for potential adjacent infrastructure and data centers. Venture Global currently expects to place its first power island purchase order by the end of 2026.

Venture Global and ConocoPhillips Sign Long-Term LNG Agreement

Venture Global (VG) and ConocoPhillips (COP) announced a new, long-term sales and purchase agreement for liquefied natural gas, or LNG. Under the SPA, ConocoPhillips will buy 1.0 million tons per annum of LNG from Venture Global for 20 years, starting in 2030.