Business
Forrest in hot seat as Japanese exit Port Kembla LNG – The Australian Financial Review
The departure of JERA and Marubeni leave Andrew Forrest’s Squadron Energy as the sole backer of the proposed import terminal.
A spokeswoman for JERA, a combination between Tokyo Electric Power and Chubu Electric Power, acknowledged that the group “proceeds cautiously” before committing to final capital investment.
“Although the Port Kembla project presented an exciting opportunity, we felt more time than was available was necessary for us to invest, and we remain open to future targeted involvement with AIE,” she said.
“JERAs exit from the project will allow AIE to focus on accelerating development of the Port Kembla…
-
Noosa News11 hours agoMega-team of heavy horses sets world record at Good Old Days Festival
-
General15 hours agoEnglish springer spaniels Kelly and Milo helping fight dieback in Western Australia
-
General4 hours agoHow the internet reacted to Brisbane Broncos winning the NRL grand final
-
General14 hours agoHomicide Squad investigating ‘suspicious’ death of 84yo woman in Sydney suburb of Melonba