LNG

Baker Hughes, the US liquefied natural gas equipment-maker and energy services company, reported a first-quarter rise in orders, revenues and operating income as liquefaction projects advanced to construction.

China Petroleum and Chemical Corp., the Chinese major known as Sinopec, has agreed to take a stake in the North Field East (NFE) liquefied natural gas project in Qatar, one of two huge expansion joint ventures now under way in the Arabian Gulf state.

Qatar Petroleum President and Chief Executive Saad bin Sherida Al-Kaabi said that Qatar had delayed commercial bidding deadlines for its LNG expansion plans but contracts would still be awarded in 2020 as he saw the market rebounding and the Gulf nation's own shipments would keep flowing.