Baker Hughes Nabs Chart--and Bigger Role in LNG, Clean Energy

July 30, 2025--Researched by Industrial Info Resources (Sugar Land, Texas)--In an effort to broaden its role in the rapidly developing markets for liquefied natural gas (LNG) and data-center development, among others, Baker Hughes Company (Houston, Texas) announced Tuesday it would acquire Chart Industries Incorporated (Atlanta, Georgia), which provides engineered equipment to the clean-energy and industrial-gas markets, in a $13.6 billion all-cash deal, including debt. Industrial Info is tracking about $36 billion worth of active and proposed projects featuring Chart's services, and nearly $43 billion worth featuring Baker Hughes. Both companies reported strong second-quarter results. While Chart did not see any new large-scale LNG orders in the second quarter, it is involved in nearly $35 billion worth of LNG projects globally. Other companies featured: Cheniere Energy Incorporated, Woodside Energy Group, Venture Global LNG Incorporated, Plug Power Incorporated and The Flowserve Corporation