Mozambique: ENH profits halved in 2024
Mitsui sees “certain progress” in Mozambique LNG project by end-March-CFO
12:51 CAT | 02 Nov 2016
Reuters (File photo) / The logo of the Japanese trading company Mitsui & Co. is seen in Tokyo, Japan, May 10, 2016.
Japanese trading firm Mitsui & Co expects “certain progress” in its LNG project in Mozambique by the end of the current financial year to March 31, CFO Keigo Matsubara told a news conference on Wednesday, without elaborating.
No decision has been made on the future of Hazelwood coal-fired power plant in Australia, he added.
Its French partner, Engie, said last month it would soon decide what to do with the plant.
The 1.5 GW plant – which produces 5.4 percent of Australia’s power – is one of the world’s most polluting power stations, environmental groups say.
Source: Reuters
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