Baker Hughes Expands Venezuela Gas Infrastructure with New Partnerships

Baker Hughes has taken a significant step into Venezuela’s energy sector by signing two key agreements aimed at boosting the country’s natural gas and energy infrastructure. The first is a strategic alliance with state-owned oil company PDVSA, along with Lindsayca and Fulcrum LNG, focused on restoring and expanding Venezuela’s gas infrastructure. This partnership will initially target domestic gas needs, including power generation, before exploring potential liquefied natural gas (LNG) exports.

The second agreement is a memorandum of understanding with New Stratus Energy, which will support future oil and gas developments in Venezuela. Baker Hughes will bring its expertise in technologies for oil and gas field development, while its partners contribute engineering, financing, and market access.

Lorenzo Simonelli, CEO of Baker Hughes, emphasized that these partnerships aim to create an integrated gas value chain that could transform Venezuela’s natural gas resources into both reliable domestic supply and future export opportunities. However, any specific project will require further approvals and compliance with U.S. sanctions and export controls.

Baker Hughes has a long-standing presence in Venezuela, with over 1,200 oil production systems and 240 turbomachinery units installed across 23 sites. This new collaboration marks another chapter in the company’s involvement in the country’s energy sector.