LNG

Baker Hughes, the US liquefied natural gas equipment-maker and energy services company, reported a surge in net profits and revenues amid growth in orders including for gas field services in Algeria and LNG in Australia.

Algerian state energy company Sonatrach, one of the main suppliers of LNG and pipeline natural gas to Europe, has commissioned the Boosting III project for the Hassi R'mel gas hub in Laghouat province of central Algeria, which produces and supplies over half of the nation’s natural gas.