Why Baker Hughes (BKR) is a Good Option to Invest in LNG

Baker Hughes Company (NASDAQ:BKR) is included among the 12 Best LNG Stocks to Buy According to Hedge Funds.

Baker Hughes Company (NASDAQ:BKR) has been committed to LNG for over 30 years and there are currently 60 LNG plants in operation or under construction around the world that rely on its turbomachinery, which drives over 440 MTPA of global installed capacity.

Baker Hughes Company (NASDAQ:BKR) recently made headlines when it announced that it has secured a contract to deliver the main liquefaction equipment for the fourth train of NextDecade Corp’s Rio Grande LNG project in Texas. Moreover, the company recently revealed that it has secured a long-term service contract from BP plc for the Tangguh LNG facility in Indonesia. The 90-month deal covers spare parts, repair services, and field service engineering support for critical turbomachinery at the facility.

Baker Hughes Company (NASDAQ:BKR) expects natural gas demand to grow by over 20% by 2050, with global LNG increasing by at least 75%. This growth outlook creates a favorable environment for the company.

Baker Hughes Company (NASDAQ:BKR) is an energy technology company that provides solutions for energy and industrial customers worldwide.

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Disclosure: None.