I think obviously the US has a unique opportunity with the natural gas reserves that it has and also the associated gas and a number of projects, both Greenfield and Brownfield, [indiscernible] Venture Global have made comments about their activity. That there’s some projects in Mexico. There’s other new projects that, again, are working towards FID, such as Telurion. So US continuing to be strong. But then also internationally, you see Qatar. You also see, again, Canada. You see the ADNOC of the world. And I think you’re starting to emerge with Africa as well. So we remain very positive. And I think at the end of the day, it’s all towards that 800 mTPA that we need to have by 2030 to make sure that we meet the energy demands of the world.
Arun Jayaram: Great. Thanks, Lorenzo.
Lorenzo Simonelli: Thanks.
Lorenzo Simonelli: Operator. Justin, next question, please. Operator, can we go to the next question, please? Operator?.
Operator: Our next question comes from Luke Lemoine with Piper Sandler. Luke, your line is open.
Luke Lemoine: Yes, hey, good morning. Hi, Lorenzo.
Lorenzo Simonelli: Hi, there.
Luke Lemoine: Hi.
Lorenzo Simonelli: Sorry about the technical issues.
Luke Lemoine: All good. Your IET results came in at the top end of the 3Q guide, even with some of the concerns out there about air derivative tightness that could impact IET. I know you’ve already incorporated this in your guidance and been managing the process pretty well. But could you help us understand and refresh us on what’s going on with the air derivative supply chain and how you see this unfolding over the next 12 months, and maybe what the upside could be after this improves?
Lorenzo Simonelli: Yes, Luke, I’ll kick off here and then also let Nancy chime in. And I think we’ve mentioned it at the start that we continue to navigate a challenging aerospace supply chain. And you will have heard from others that also reported results that this is across the aerospace industry. And we factored this in at the beginning of the year. And we’re continuing to monitor it, work closely with the supply chain, and make sure that we mitigate as much as possible any consequences. And we feel good about being able to do that as we go forward. I think it is important to note, when you think about our rotating equipment about one third of the LNG is a derivative, but the other is heavy duty gas turbines, and then also electric motors. And we continue to see robust supply chain availability there. So we’re working through it and continuing to keep an eye on it.
Nancy Buese: Yes, I think what I said this previously is supply chain challenges are certainly contemplated within our 2023 guidance, and will also be considered in 2024. We’re still working very carefully with the vendor in terms of timing to improve. And as we start to have a line of sight towards when we’ll see those improvements, we’ll bake that in. But it is certainly considered in the guidance that we’ve provided.
Luke Lemoine: Okay. Perfect. Thank you, guys.
Operator: One moment for our next question. Our next question comes from James West with Evercore ISI. James, your line is open.
James West: Thanks. Good morning, Lorenzo and Nancy.
Lorenzo Simonelli: Hi, James.
James West: So hi, Lorenzo and Nancy. I wanted to touch on the horizon strategy. It’s something that I know we talked about in September, but you’ve now laid out kind of a much more detailed kind of view of the three different horizons that you’re thinking about. And I was curious how this informs the overall strategy for Baker, how it has informed, and how it is informing strategy going forward, and how you’re thinking about it.
