Despite supply disruptions and geopolitical instability, global demand for liquefied natural gas remains strong, driven by the growth of data centers and the advancement of AI. Baker Hughes has exceeded expectations in both revenue and profit, and the long-term outlook for the LNG market remains positive.
The American company Baker Hughes will supply liquefied natural gas (LNG) technologies for the expansion of the CP2 LNG project in Louisiana, which is being developed by Venture Global LNG. Once construction is completed, the facility’s export capacity will exceed 29 million tons per year.
American company Baker Hughes has raised its forecast for orders in the energy technology segment to more than $45 billion for 2026–2028, following a successful second quarter. The company notes an increase in profits, an expanded contract portfolio, and active growth in key business areas.
Leading companies in the energy sector have announced a series of new appointments to key management positions, reflecting ongoing personnel changes and the industry's continued development.