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New business chief optimistic for region

first_img Previous articleThe expert comment – Neill KellyNext articleAll in place for festive weekend admin WhatsApp NewsLocal NewsNew business chief optimistic for regionBy admin – March 12, 2009 561 Facebook THE PROTECTION of existing jobs, stimulation of investment, an ending to the structure of three local authorities governing the urban area of Limerick and the development of an international logistics hub that would become a major driver of employment in the future, are priority issues for the incoming president of Limerick Chamber, Harry Fehilly, who succeeds outgoing president, Sean Lally.Sign up for the weekly Limerick Post newsletter Sign Up Mr Fehilly is managing partner of Holmes O’Malley Sexton.Highlighting the need to focus on developing a local industry that can become a world leader, he pointed to the region’s high level of expertise in the area of logistics.“With the deep sea port at Shannon Estuary and the Customs Pre-Clearance at Shannon Airport, there is huge potential for this area to become a key international logistics hub, which would be a major driver of employment in the future,” he said.The new business sector leader said it is imperative to build a competitive city, road infrastructure projects, Shannon Airport and an innovative economy.“Our geography gives us a unique advantage in the area of renewable energy production – we have an abundance of tidal wind, wave and biomass energy resources and it’s imperative that we exploit this advantage to its fullest”.Other priority issues include the completion of the N 18 to Galway and Shannon Airport, as a key driver of investment to the region. Printcenter_img Linkedin Advertisement Twitter Emaillast_img read more

JERA, EDF Trading Finalize LNG Optimization and Trading Merger

first_imgJapanese energy company JERA and EDF Trading Limited (EDFT), a company operating in the international wholesale energy markets, have completed the transaction to merge their LNG optimization and trading activities.As informed, the activities have been combined into JERA Global Markets (JERAGM), the new name for JERA Trading.JERAGM is now the exclusive LNG optimiser for JERA and EDF, managing their collective short and medium-term LNG optimization activities in the wholesale markets.The transaction follows the successful completion of the acquisition of EDFT’s coal business by JERAGM in April 2017.“This is a great opportunity for EDFT which strengthens our partnership with one of the largest buyers of LNG and coal in the world. I look forward to building this business with JERA and developing future cooperation in the evolving energy markets,” John Rittenhouse, Chief Executive of EDF Trading, commented.“As one of the largest utility-owned seaborne energy optimisers, JERAGM would significantly contribute to building and strengthening relationships with both current and new counterparties amid global expansion of the LNG market. I look forward to developing an even closer relationship with EDFT,” Sunao Nakamura, Managing Executive Officer of JERA and Chairman of JERAGM, said.JERA holds 66.67% of the equity in JERAGM through its wholly-owned subsidiary JERA Trading International. In addition, EDFT holds 33.33% of the shares in JERAGM and is a wholly-owned subsidiary of EDF S.A. (EDF).JERA and EDFT will now have joint responsibility and joint control in managing the new and expanded business.last_img read more