Baker Hughes Chairman and CEO Lorenzo Simonelli stated that the company has not observed a slowdown in major energy project investments, attributing this to strong demand for natural gas and power driven by the global expansion of artificial intelligence infrastructure. He emphasized that natural gas is a "destination fuel" rather than a transition fuel, central to the current "energy demand decade." The company estimates that installed LNG capacity will need to reach 900 million tons per annum by 2035 to meet future demand. Baker Hughes currently has over $37 billion in backlog, including demand related to gas infrastructure, data center power generation, and LNG.