LNG

ACWA Power, a leading Saudi developer and operator of power generation, has joined with China to sign a share purchase agreement for a $1 billion combined-cycle gas turbine (CCGT) project in Uzbekistan, the Central Asian nation and leading natural gas producer.

Saudi Arabian utility company ACWA Power International, a project partner in green hydrogen with US LNG equipment-maker and industrial gas company Air Products, has launched an initial public offering (IPO) to list its shares on the Saudi stock exchange, the Tadawul.