Polish coal and coking firm JSW may have launched talks of equity issuance and dividend payments without any nod of approval from its majority owner, the state Treasury, statements from the deputy Minsiter of Energy Grzegorz Tobiszowski indicated.
"The goal of the company. . . is to secure new, increased bank financing and optimize its terms, as well as raise the share capital in order to support further development of the company in the future," the management wrote.
The company noted the Flex Rainbow LNG carrier is set to dock at the terminal on Tuesday, February 12, and deliver about 64,000 tons of the chilled fuel loaded at Cheniere’s Sabine Pass export facility in the United States.
The agreement is for the sale and purchase of 2 million tonnes per year, or about 2.7 billion cubic meters per year after regasification – enough natural gas to meet about 15 percent of Poland’s daily needs.