LNG

The World Bank said the six members of the Gulf Cooperation Council, including LNG exporters Qatar, Oman and the United Arab Emirates are bouncing back to positive growth from the double blow of Covid-19 and the energy slump, showing the economic resilience of oil and gas.

Baker Hughes Company, the US energy services and LNG equipment supplier, has signed an agreement with Oman LNG for the turbomachinery scope as part of a de-bottlenecking project in the Arabian Peninsula nation.

General Electric, the US power systems provider, said it was chosen to provide key equipment for the proposed increase in liquefied natural gas production at the Sultanate of Oman liquefaction plant in the Arabian Peninsula.