Baker Hughes Eyes 100 MTPA of FIDs in 2024-2026

HOUSTON, TEXAS (Energy Analytics Institute, 30.Jan.2025) — Baker Hughes expects 100 million tonnes per annum (MTPA) of final investment decisions (FIDs) between 2024-2026, according to the company’s chairman and CEO Lorenzo Simonelli.

This level of activity would increase global capacity and supports Baker Hughes’s long-standing forecast of 800 MTPA by 2030, Simonelli said 30 Jan. 2025 during the company’s fourth-quarter 2024 (4Q:24) webcast with analysts. In 2024, he said there were 17 MTPA of project FIDs.