Paris-Technip Energies and Baker Hughes signed a memorandum of understanding that sets the groundwork for their cooperation in the joint development of a 1- to 2-million-t/y range liquefied natural gas (LNG) modularized solution for the onshore market. In order to reduce time-to-market for LNG, the joint development aims to provide an additional offering to the two companies' respective proprietary LNG modularized solutions: Baker Hughes' 1-million-t/y range LNG mid-scale modular solutions and Technip Energies' SnapLNG with a production capacity of 2- to 3-million t/y.
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