Sojitz Becomes Shareholder in Spanish LNG Terminal

first_imgzoom Japanese Sojitz Corporation has acquired Spanish First State Regasificadora (FSR), changing the company’s name to Sojitz Regasificadora (SR).SR owns a 15% stake in Regasificadora del Noroeste (Reganosa), whose assets include the LNG terminal located in Mugardos in the northwest of Spain. With this move, Sojitz is making its entry into the LNG terminal business in Europe.Reganosa commenced operations at the Mugardos LNG Terminal in 2007. LNG delivered to the Mugardos LNG Terminal is not only supplied to the domestic market in Spain but also reloaded and delivered to Asia as well as other parts of the world. Reganosa also has plans to use the terminal as an LNG bunkering station for ships using LNG as marine fuel, Sojitz explained.“Sojitz will contribute its LNG expertise and other businesses experience … to support the further development of the Mugardos LNG Terminal,” the company said in a statement.Involved in LNG business in Japan, Sojitz also has investments in Indonesia and Qatar.“Sojitz will continue to develop its global LNG business with a focus on LNG receiving and liquefaction terminals, and will look at expanding its LNG receiving terminal business into ASEAN and other countries in South Asia, and to also develop its LNG liquefaction business to help create a stable energy supply for Japan,” the company added.last_img read more

2 Independent Ktaka MLAs seek to withdraw SC plea for forthwith floor

first_imgNew Delhi: Two Karnataka Independent MLAs on Wednesday urged the Supreme Court to allow them to withdraw their plea seeking its direction to the state assembly Speaker K R Ramesh Kumar to conduct “forthwith” floor test on a trust motion moved by the H D Kumaraswamy government. The Congress-JD(S) coalition government on Tuesday lost the trust vote after a three-week-long power struggle. The counsel for the lawmakers R Shankar and and H Nagesh told a bench of Chief Justice Ranjan Gogoi and Justices Deepak Gupta and Aniruddha Bose that the MLAs wanted to withdraw the petition as the floor test has been conducted in the Karnataka Assembly. Also Read – India gets first tranche of Swiss bank a/c details “Where is Mukul Rohatgi (counsel for the lawmakers)? Where is A M Singhvi (counsel for the Speaker)?” the bench said. It said it will pass the order only in the presence of the senior counsel. On Tuesday, Speaker Kumar had told the court that voting on the trust motion was likely to be concluded by the evening. During voting that evening, the confidence motion moved by Kumaraswamy was defeated with 99 members voting for the motion and 105 against it a House with an effective strength of 205 members. Also Read – Tourists to be allowed in J&K from Thursday Twenty members, including the two Independent MLAs, skipped the proceedings. The Independent MLAs had moved the apex court, saying the state has plunged into a political crisis after they withdrew their support to the JD(S)-Congress government and 16 lawmakers of the ruling coalition tendered their resignations. “It is submitted that the trust vote is not being conducted despite the government being in minority. It is submitted that a minority government, which does not have the confidence of the majority, is being allowed to continue in office,” they said in their plea to the court. “The petitioners have been constrained to invoke the extraordinary jurisdiction of this court under Article 32 of the Constitution of India seeking a direction from this court to conduct a floor test forthwith in the Karnataka Assembly,” they added. The legislators had accused the government of taking advantage of the logjam and taking several executive decisions like transferring of police officers, IAS officers, other officials. Their petition was filed after Kumaraswamy and Karnataka state Congress president Dinesh Gundu Rao had moved the top court, accusing Governor Vajubhai Vala of interfering with assembly proceedings during the debate on trust vote. Kumaraswamy and Rao had also sought a clarification of the July 17 order of the apex court by which the 15 rebel Congress-JD(S) MLAs were granted relief that they cannot be compelled to participate in the assembly proceedings.last_img read more