Baker Hughes Signs Framework Deal to Expand Venezuela Gas Infrastructure

Baker Hughes signed a framework alliance with Venezuela’s state oil company PDVSA, Lindsayca and Fulcrum LNG to help restore and expand natural-gas infrastructure, spanning resource development, processing, transport, commercialization and potential LNG exports. The company also signed a separate memorandum of understanding with New Stratus Energy to support future oil and gas development. Baker Hughes says the partnerships could connect the gas value chain, improve domestic supply and create export opportunities, including the possibility of Venezuela’s first LNG exports. The agreements do not themselves authorize specific projects: those require separate definitive agreements, company approvals and compliance with applicable U.S. sanctions and export-control requirements. No investment amount or project timetable was announced.