Iranian Ship Linked to Houthi Attacks Heads Home Amid Tensions
(Bloomberg) — An Iranian ship that’s been linked to Houthi attacks in the Red Sea is returning home, removing a prominent asset in the area as the Islamic Republic braces...
RIO DE JANEIRO, April 16 (Reuters) – Brazil’s state-run oil company Petroleo Brasileiro SA and Japanese trading house Mitsui Corp will study building a liquefied natural gas (LNG) terminal in the country’s southernmost state, Rio Grande do Sul, to supply more fuel for local manufacturers and power generators.
Petrobras, as the company is known, announced the plan in a statement late on Tuesday after signing a memorandum of understanding on the project with Mitsui and the government of Rio Grande do Sul. Petrobras, Mitsui and the government have 12 months to conclude their work.
If built, the plant would be Petrobras’ fourth LNG import terminal and make it easier for the company to supply gas to power plants in the country’s south. The plants are usually turned on to complement hydroelectric power during peak use periods and during dry seasons or drought.
Brazil is in the middle of one of the most serious droughts in decades and has been forced to shut several gas-fired power plants for a lack of natural gas. (Reporting by Jeb Blount; Editing by Peter Galloway)
(c) 2014 Thomson Reuters, All Rights Reserved
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