LNG

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.

Air Products, the US maker of LNG processing equipment and a leading industrial gases provider and plant developer, said it would invest $250 million in a project in Jiangsu Province in China as part of its gasification growth strategy and would also boost its Chinese merchant supply capability.