Mitsui sees “certain progress” in Mozambique LNG project by end-March-CFO

Mitsui

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.

Mitsui CFO Keigo Matsubara
Mitsui CFO Keigo Matsubara

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: Yahoo News