GE (GE +1.8%) wins a $150M deal to supply LNG technology to Malaysia's Petronas and says it's...

|By:, SA News Editor

GE (GE +1.8%) wins a $150M deal to supply LNG technology to Malaysia's Petronas and says it's aiming to double its oil and gas business in Asia in the next 3-5 years. The conglomerate is looking to exploit $40B of projects in Indonesia and Vietnam, as well as in Malaysia, with one area of interest being off-shore LNG ventrues.