Baker Hughes and Italian engineering group Tecnimont announced a non‑exclusive memorandum of understanding on February 3, 2026 to collaborate on modular liquefied natural gas (LNG) projects worldwide. The MoU establishes a structured process for the two companies to assess participation in future LNG tenders that would use Baker Hughes’ NMBL™ modular liquefaction technology.
Under the agreement, Baker Hughes and Tecnimont will jointly evaluate project requirements, define work scopes, and select suitable cooperation models. The partnership leverages Tecnimont’s proven EPC execution expertise and Baker Hughes’ advanced liquefaction solutions to deliver flexible, scalable LNG infrastructure that can accelerate time‑to‑market and reduce capital intensity.
The collaboration positions Baker Hughes to capture growing demand for modular LNG capacity, a segment expected to expand as the world shifts away from coal and seeks lower‑carbon gas solutions. The NMBL™ system, which uses an electric moto‑compressor to achieve zero operational emissions, offers a lightweight, compact footprint that can be installed quickly on site.
Baker Hughes recently reported strong Q4 2025 results, with adjusted earnings per share of $0.78 versus analyst estimates of $0.67 and revenue of $7.39 billion versus $7.09 billion. The company’s Industrial & Energy Technology (IET) segment, which includes LNG and other clean‑energy projects, drove much of the growth and is targeting 20% margins. The earnings beat and margin outlook have reinforced confidence in the company’s transition strategy.
Alessandro Bernini, CEO of MAIRE (Tecnimont’s parent company), said the agreement “represents another important step in our strategy to support the evolution of global gas value chains with high‑efficiency, modular solutions.” He added that combining Tecnimont’s EPC leadership with Baker Hughes’ cutting‑edge liquefaction solutions positions the partnership to meet growing demand for flexible LNG capacity that supports security of supply and a more sustainable energy system.
The MoU is a key milestone in Baker Hughes’ broader focus on the Industrial & Energy Technology segment, which has become the company’s fastest‑growing business line. By partnering with Tecnimont, Baker Hughes can accelerate deployment of its NMBL™ technology in new markets and strengthen its competitive edge in upcoming LNG tenders.
The partnership also aligns with industry trends toward lower‑carbon energy sources. Modular LNG solutions are gaining traction because they offer faster deployment, lower capital costs, and reduced environmental impact, making them attractive to governments and utilities seeking to expand gas capacity while meeting climate targets.
Overall, the MoU signals Baker Hughes’ commitment to expanding its clean‑energy portfolio and leveraging strategic alliances to capture a larger share of the modular LNG market. The collaboration is expected to enhance the company’s ability to win new projects and support its long‑term growth trajectory in the energy transition space.
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