The opportunities for global natural gas, including LNG, look strong in the near term, with a “number of projects” likely to be sanctioned for the next few years, Baker Hughes Co. CEO Lorenzo Simonelli said Wednesday.

During the conference call to discuss second quarter 2023 results, Simonelli said recent customer discussions to advance more liquefied natural gas projects around the world have been “very robust. There’s a clear understanding that natural gas and LNG are going to play a key role as a baseload for the energy mix going forward.”

LNG final investment decisions (FID) are ticking higher, both near term and long term, he told investors during the 2Q2023 conference call. 

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