Higher borrowing costs haven't slowed Baker Hughes' energy project investments amid strong natural gas demand.

Baker Hughes reports that rising borrowing costs have not deterred investment in major energy projects, driven by strong demand for natural gas and power from AI and data center growth. CEO Lorenzo Simonelli highlights that energy demand is expected to continue growing due to population increases and industrial needs, with natural gas playing a central role. Despite geopolitical tensions affecting Middle Eastern energy flows and high oil prices, Baker Hughes remains optimistic about LNG supply expansion and sees no slowdown in data center growth. The company holds over $37 billion in backlog, emphasizing natural gas as a key fuel for the coming energy demand decade.