LNG

French energy major Total and the Sultanate of Oman have signed an accord for the development of an onshore natural gas block that will provide feed-gas for liquefied natural gas production reserved for LNG fuel for shipping in the Arabian Peninsula.

Gasum, the natural gas company of Finland, posted annual pre-tax profits little changed from the previous year even as the value of liquefied natural gas sales increased by 29 percent because of higher oil prices.