According to CNBC, Baker Hughes has not yet seen higher borrowing costs slow investment in major energy projects, with Chairman and CEO Lorenzo Simonelli citing strong demand for natural gas and power tied to the global buildout of artificial intelligence infrastructure. Speaking at the Gastech conference in Bangkok, Simonelli said financing remains important, but rising energy needs from population growth, industry and data centers continue to support investment. He said Baker Hughes expects LNG prices to stay range-bound and sees little risk that a wave of new supply will create a prolonged glut. The company estimates installed LNG capacity will need to reach 900 million tons per annum by 2035 to meet future demand. Simonelli also said Baker Hughes has just over $37 billion in backlog, including demand tied to gas infrastructure, data-center power generation and LNG.