LNG

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.

Air Products, the leading provider of LNG equipment and processing and industrial gases, reported a fiscal quarterly increase of 5 percent in sales to $2.4 billion, though net income remained flat over the three months as orders included one for Mexico’s first LNG export project.