LNG

Baker Hughes-GE, the US energy services company and a main provider of turbomachinery for liquefied natural gas production plants, said the LNG outlook was improving and the company “conservatively” estimates a total of 65 million tonnes per annum of new capacity would be sanctioned by 2020.

TechnipFMC, the Franco-US liquefied natural gas and energy engineering company, said the outlook for its LNG and subsea growth pillars remained favorable as it posted improved results, boosted by the continued ramp-up and expansion of the Yamal liquefaction plant in Russia.