The global LNG market remained tight during the third quarter, evidenced by price spikes, labor strikes in Australia and geopolitical turmoil,  but demand still rose about 1.5% year/year and is looking stronger, Baker Hughes Co. CEO Lorenzo Simonelli said Thursday.

During a wide ranging conference call to discuss quarterly results, Simonelli provided insight into how the oilfield services giant is gaining ground and customers with its technology prowess in both traditional and lower carbon energies. 

The big footprint in natural gas, and in particular, equipment for the liquefied natural gas market, is key to the executive team’s positive view in the short term. 

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