Brazil's Vale said on Thursday it is buying out minority stake partner, Japan's Mitsui & Co, in a Mozambique coal mine and port project, ahead of selling the loss-making asset as it works to become carbon neutral by 2050.
Bulldog breeder loses licence after buyers sold sick puppies
One of the puppies died shortly after being sold
Stock photo of an American pocket bully (Image: Getty)
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By Reuters Staff
2 Min Read
VILNIUS, Jan 21 (Reuters) - A gas-fired power station planned for northeast Poland will use liquefied natural gas (LNG) imported via a terminal in Lithuania, in a sign of the region’s growing independence from Russian gas.
The Ostroleka plant was originally planned to run on coal, but the project was suspended because of financing and environmental issues.
State-run Polish oil company PKN Orlen, which took on the project in a merger deal, said it would only invest in the plant if it ran on gas.
“According to the plans, the power plant will be purchasing its gas via the Klaipeda terminal. This will use a third of its capacities,” Lithuanian Energy Minister Dainius Kreivys told a parliamentary committee meeting, which was broadcast on YouTube.
Vale SA has hired investment banks Barclays Plc and Standard Chartered to sell its Mozambique metallurgical and thermal coal mine and port project, three sources said on Thursday, as the Brazilian miner works to become carbon neutral by 2050.