A global oil field developer announced Monday that it inked a "strategic alliance" with Glenfarne Group, the majority owner of the proposed Alaska LNG Project.

In a statement, Baker Hughes said it plans to supply the project with refrigerant compressors needed to liquefy natural gas and power generation equipment for the gas pipeline's North Slope treatment plant.

The announcement was made in a Washington, D.C. ceremony with Glenfarne and Baker Hughes officials, along with U.S. Energy Secretary Chris Wright and Interior Secretary Doug Burgum.

"Natural gas and LNG provide secure, affordable, and reliable energy, and we look forward to continuing our collaboration with Glenfarne to bring lower-carbon natural gas from Alaska to the global market," said Lorenzo Simonelli, chairman and CEO o

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