Baker Hughes says higher borrowing costs have not slowed major energy projects
Baker Hughes says it has not yet seen higher borrowing costs slow investment in major energy projects. CEO Lorenzo Simonelli told CNBC at the Gastech conference in Bangkok that financing still matters, but demand for natural gas and power is being supported by population growth, industry and AI-related data center buildouts. He said the company is also monitoring disruptions to Middle Eastern energy flows and expects natural gas to remain central to rising electricity needs.
What's Your Reaction?
Like
0
Dislike
0
Love
0
Funny
0
Angry
0
Sad
0
Wow
0
