Siemens AG, the German maker of gas turbines, trains and medical machines, says net income rose 25 percent to 1.93 billion euros for its most recent quarter. The Munich-based company said Tuesday the strong performance in the last three months of the year – the company’s fiscal first quarter – allowed it to raise its outlook for the full fiscal year.
Category: UpTake
Hottest Thing in LNG Is Producing Power as Record Glut Looms
Seeking new ways to market their product, producers of liquefied natural gas are turning to an age-old technique: packaging. As demand for electricity booms in developing nations from South Africa to Chile, LNG producers are offering to supply both fuel and a power plant in partnership agreements that can lock in consumption of their product for years.