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BHGE sees a bright future for gas

Sep 19, 2018
3 min read
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The second day of Gastech got off to a strong start with an opening keynote speech by Lorenzo Simonelli, President and Chief Executive Officer (CEO) Baker Hughes, a GE company (BHGE) who talked passionately about the future of gas.

He opened by saying: “All of us understand the pivotal importance of gas for a sustainable energy future.”

Simonelli feels that globally “we are seeing overall sentiment improve and in key regions around the world we are seeing a new mind set emerge thanks to the adoption of innovative and more sustainable friendly practices.”

He added: “Gas is considered to be a more attractive solution than coal for new feedstock. A resource that can help met the needs for large quantities reliable energy, while also reducing emissions attributed to electric generation. Gas is a fundamental component of a sustainable global energy portfolio.”

In Simonelli’s view the global energy demand is expected to grow dramatically over the coming decades that will influence the future energy mix and see a growing adoption of gas solutions.

“The availability and flexibility of natural gas will remain fundamentally important factors in the future. Capital discipline is still at the top of many operators minds. We can look to the short to medium term future with more optimism. Gas continues to see growth outpacing oil, which is leading to demand for global gas servicing solutions increasing.

“More consumers and market sectors are recognising how gas serves many energy needs and operators must continue to optimise efficiency and also acknowledge the important role in reducing carbon footprint.

BGHE long history with gas

“We have a long history of serving solutions for gas across the energy value chain. We believe we have a portfolio offering that differentiates us in the gas market. We help our customers to reduce their carbon footprint, this includes with our methane sensing technology.

“We partner with some of the biggest LNG and gas developments around the world from The Gorgon project (Australia), Zohr field (Egypt) and Coral South FLNG (Mozambique).

“I am also proud to say that 100 per cent of the current floating LNG projects in the world utilise BHGE’s subsea and turbo equipment. We have over 108 LNG trains in operation. We are working with the fi rst U.S. LNG project to reach FID since 2015 earlier this year for Cheniere for the expansion of its Corpus Christi liquefaction project in Texas,” he pointed out.

 

He concluded: “We are seeing innovation in technology. I firmly believe that this collaborative approach to new projects is going to transform the gas opportunities in the future.”