Baker Hughes announced a strategic order from San Matias Pipeline S.A. to supply three NovaLT™16 gas turbines with centrifugal compressors for a new natural‑gas pipeline in Argentina. The turbines will be installed at a compressor station near Allen, Río Negro, to move gas from the Vaca Muerta formation to the Gulf of San Matias, feeding Southern Energy’s two floating LNG vessels.
The order marks the first deployment of Baker Hughes’ NovaLT technology in South America and represents a significant win in a key LNG growth market. The NovaLT™16 platform is known for high efficiency, low emissions and rapid delivery, positioning Baker Hughes as a preferred supplier for midstream projects in the region.
While the contract value and delivery schedule were not disclosed, the deal adds a new revenue stream to Baker Hughes’ Industrial & Energy Technology (IET) segment and expands its presence in the Latin‑American LNG value chain. The IET segment recorded record orders of $14.9 billion in 2025 and a remaining performance obligation of $32.4 billion, underscoring the strategic importance of this order.
The project supports Argentina’s ambition to become a global LNG exporter. Southern Energy’s consortium plans to launch two floating LNG vessels, Hilli Episeyo and MKII, with a combined capacity of 6 million tonnes per year, expected to begin exports by late 2027. The pipeline will transport gas from the Vaca Muerta shale formation, one of the world’s largest shale gas reserves, to the Gulf of San Matias.
"This award underscores our continued focus on supporting critical gas infrastructure that enables secure, reliable and lower‑emission energy systems as we expand our presence in strategic growth markets across Latin America," said Maria Claudia Borras, Baker Hughes Chief Growth & Experience Officer and interim Executive Vice President of Industrial & Energy Technology. "Natural gas plays a strategic role in strengthening energy security and enabling scalable pathways to global LNG markets, particularly in regions with significant resource potential such as Argentina.",
The order strengthens Baker Hughes’ position as a leading supplier of advanced turbomachinery in the LNG value chain and adds to a backlog that already includes high‑margin, life‑cycle‑based projects. The company’s 73 % stock surge over the past year reflects investor confidence in its expanding portfolio of infrastructure projects, though the announcement itself does not alter the company’s long‑term financial outlook.
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