Baker Hughes Co. (BKR) has made investment in “new energy frontiers” a key part of its strategy moving forward, but management for the oilfield services provider still sees a bright outlook for the global natural gas market.

Remarking on the company’s recently released 2Q2021 financial results, CEO Lorenzo Simonelli struck an optimistic tone when discussing the current state of demand for natural gas and liquefied natural gas (LNG) worldwide.

“Fundamentals are equally strong if not better than oil, as a combination of outages and strong demand in Asia, Latin America and Europe have driven third quarter LNG prices to levels not seen since 2015,” Simonelli said.

This comes as management sees “continued signs of global economic recovery that should drive further...