LNG

Air Products, the LNG equipment-maker and industrial gas group with an increasing presence in the Middle East, has acquired the industrial gases businesses in the United Arab Emirates and in Bahrain from French gases company Air Liquide.

Air Products, the US LNG equipment-maker and industrial gas company, said it was in final negotiations to form a joint venture with Saudi Aramco and Acwa Power to acquire the gasification, power and industrial gas assets at Jazan Economic City, representing a total investment value of about $11.5 billion.