GE Plans to Double Asia Oil, Gas Business, Grow Floating LNG
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General Electric Co. is seeking to double its oil and gas business in Asia in three to five years, driven by about $40 billion in projects in Indonesia, Vietnam and Malaysia, two of its senior executives in the region said.
“This is where we see a lot of dynamism in the future,” Visal Leng, general manager of GE’s oil and gas division in Asia, said in an interview today in Kuala Lumpur, where he’s attending a natural-gas industry conference.