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Baker Hughes Company (NASDAQ:BKR) is one of the 9 Best QQQ Stocks to Buy Now. On April 7, Baker Hughes announced it secured a strategic order from San Matias Pipeline S.A. to provide gas compression tech for a major pipeline project in Argentina. The contract includes the delivery of three NovaLT16 gas turbines and three centrifugal compressors, along with commissioning services, spare parts, and remote diagnostic capabilities. This equipment will be situated at a compressor station near Allen, Río Negro, to facilitate the transport of natural gas from the Vaca Muerta formation to the Gulf of San Matias.
The infrastructure project is designed to provide feed gas to Southern Energy’s two floating LNG vessels, supporting Argentina’s expansion into global LNG export markets. This order represents the first time Baker Hughes has deployed its NovaLT gas turbine technology in South America. The platform was chosen for its performance, efficiency, and suitability for midstream gas compression applications, aligning with the regional demand for high-efficiency, low-emission turbomachinery.
Photo from Sasol Ltd website
By using the NovaLT16 platform, the project aims to establish reliable, scalable pathways for natural gas transportation. This initiative reinforces the strategic role of natural gas in the region’s energy system while expanding Baker Hughes Company’s (NASDAQ:BKR) industrial and energy technology footprint in a key growth market.
Baker Hughes Company (NASDAQ:BKR) is an energy technology company that develops and delivers technologies for the entire hydrogen value chain. Its main products are hydrogen-enabled turbines, compressors, valves, centrifugal pumps, non-metallic pipes, sensors, and monitoring systems.
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