Baker Hughes Company (BKR) to Provide Liquefaction Equipment for Sempra Infrastructure's Port Arthur LNG Phase 2 Project in Texas

With significant hedge fund interest and return on equity, Baker Hughes Company (NASDAQ:BKR) secures a spot on our list of the 13 Safest Stocks to Invest in Now.

In a news release issued on October 1, Baker Hughes Company (NASDAQ:BKR) stated that it would provide liquefaction equipment for Sempra Infrastructure’s Port Arthur LNG Phase 2 project in Jefferson County, Texas. With a nameplate capacity of roughly 13 million tons annually, the company, which made $27.6 billion in revenue in the last 12 months, will supply two LNG trains with four Frame 7 gas turbines and eight centrifugal compressors. Moreover, two electric motor-driven compressors are also included in the scope, for booster service.

Furthermore, the contract extends Baker Hughes Company (NASDAQ:BKR)’s partnership with Bechtel Energy to enhance Gulf Coast LNG infrastructure, building on the company’s previous participation in Phase 1. With the technology built to maintain high availability and lower emissions, the project is anticipated to satisfy the growing demand for LNG worldwide while improving operating flexibility and efficiency.

The U.S.-based energy technology company, Baker Hughes Company (NASDAQ:BKR), supplies industrial gas and oil sectors around the globe. It is one of the Safest Stocks To Buy.

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