As energy buyers and governments across the world try to balance climate goals and energy security during a period of high volatility, Bechtel Corp. CEO Brendan Bechtel said the growth of the LNG industry should serve as a model for how energy infrastructure investments can tackle multiple challenges at once.

Virginia-based Bechtel has secured contracts to design and build the liquefaction equipment responsible for producing around one-third of the world’s liquefied natural gas capacity. Since 2018, Bechtel has completed 17 LNG trains, most of which have been large-scale projects, Bechtel said during a panel at CERAWeek by S&P Global.

He said the build-out of LNG infrastructure, especially in the United States over the last several years, is an example of how building from...