Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 
OFFON

4-Traders Homepage  >  Equities  >  Tokyo  >  Chubu Electric Power Company,Incorporate    9502   JP3526600006

SummaryChartsNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsSector newsTweets 

Chevron signs LNG deal with Tohoku Electric

share with twitter share with LinkedIn share with facebook
share via e-mail
0
05/13/2012 | 06:10am CEST

Chevron Corp (>> Chevron Corporation) has signed a preliminary agreement to sell Japan's Tohoku Electric (>> Tohoku Electr.Power) one million tonnes of liquefied natural gas per year for 20 years, the U.S. oil major said on Sunday.

Chevron Corp (>> Chevron Corporation) has signed a preliminary agreement to sell Japan's Tohoku Electric (>> Tohoku Electr.Power) one million tonnes of liquefied natural gas per year for 20 years, the U.S. oil major said on Sunday.

The gas will come from its Wheatstone plant in Australia, Roy Krzywosinski, Chevron Austalia's managing director told reporters in Adelaide, adding that with this sale more than 80 percent of the gas from the 8.9 million tonnes per year (mtpa) Wheatstone project had been sold to Asian customers.

Wheatstone, located off the coast of Western Australia, is currently under construction, with the first gas shipments expected in 2016.

Chevron plans to eventually expand the production of the $29 billion Wheatstone LNG plant to 25 mtpa.

Chevron is positioning itself to become one of the largest LNG producers in Australia. Its $37 billion Gorgon project, also off Western Australia, will produce 15 mtpa by 2014.

The construction of Gorgon is now 40 percent complete, and Chevron expects to start the front end engineering and design phase for a fourth train on its current three-train project at the end of this year, Krzywosinski said.

The LNG deal comes as Japan's dependence on gas-fired power increases as it struggles to replace the nuclear capacity that has been taken offline since last year's earthquake and tsunami triggered the Fukushima nuclear crisis.

Tohoku is one of several Asian utilities to buy supplies from Wheatstone, including Chubu Electric Power (>> Chubu Electric Power), Tokyo Electric Power Company (TEPCO) (>> Tokyo Elec. Power) and Kyushu Electric (>> Kyushu Electr.Power).

Chevron's partners in the Wheatstone project are Apache Corporation (>> Apache Corporation), Kuwait Foreign Petroleum Exploration Company (KUFPEC), Royal Dutch Shell <RSDa.L> and Kyushu Electric.

Australia is expected to surpass Qatar as the top LNG exporter by the end of the decade, when it would have quadrupled its current production of about 20 mtpa.

(Reporting by Rebekah Kebede; Editing by Jeremy Laurence)

share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on CHUBU ELECTRIC POWER COMPA
05/24 CHUBU ELECTRIC POWER INCORPORATE : Issuing 524th and 525th Corporate Bonds ʌ..
05/22 CHUBU ELECTRIC POWER INCORPORATE : Development plan of biomass power generation ..
05/17 KDDI, CHUBU ELECTRIC POWER, SME SUPP : Providing LPWA Network Environment in Chu..
05/17 CHUBU ELECTRIC POWER INCORPORATE : Start of Joint Research on Cyber Security
05/16 CHUBU ELECTRIC POWER INCORPORATE : Result of selection of public researches conc..
05/02 CHUBU ELECTRIC POWER INCORPORATE : Start of examination of analysis technology f..
05/02 CHUBU ELECTRIC POWER INCORPORATE : Efforts concerning technological management s..
04/25 CHUBU ELECTRIC POWER INCORPORATE : Transport Schedule for New Fuel, etc. for FY2..
04/11 CHUBU ELECTRIC POWER INCORPORATE : Cenergy to Participate in Biomass Power Gener..
04/11 CHUBU ELECTRIC POWER INCORPORATE : Conclusion of Basic Agreement on Integration ..
More news
Sector news : Electric Utilities - NEC
08:58p Russia says state firms should use IAS profit as base for dividends
02:15pDJAMERICAN ELECTRIC POWER : Coal Mines Are Reimagined as a New Power Source
05/23 Westinghouse reaches deal for $800 million U.S. bankruptcy loan
05/19 European shares claw back gains after worst week in six months
05/19DJCLP : Australian State Fund Manager Seeks Damages From CLP Holdings Units
More sector news : Electric Utilities - NEC
News from SeekingAlpha
2016 Despite Recent Windfall From Commodity Slump, TEPCO Remains Total Junk
Advertisement
Financials ( JPY)
Sales 2018 2 665 728 M
EBIT 2018 -
Net income 2018 72 307 M
Debt 2018 2 417 768 M
Yield 2018 2,37%
P/E ratio 2018 15,44
P/E ratio 2019 13,91
EV / Sales 2018 1,33x
EV / Sales 2019 1,30x
Capitalization 1 135 105 M
More Financials
Chart CHUBU ELECTRIC POWER COMPA
Duration : Period :
Chubu Electric Power Compa Technical Analysis Chart | 9502 | JP3526600006 | 4-Traders
Full-screen chart
Technical analysis trends CHUBU ELECTRIC PO...
Short TermMid-TermLong Term
TrendsBullishBearishNeutral
Technical analysis
Income Statement Evolution
More Financials
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 10
Average target price 1 515  JPY
Spread / Average Target 1,2%
Consensus details
EPS Revisions
More Estimates Revisions
Managers
NameTitle
Satoru Katsuno President & Representative Director
Akihisa Mizuno Chairman
Kazuhiko Okabe General Manager-Technology Development
Hiroshi Watanabe Head-Information Systems
Tomohiko Ohno Secretary, Representative Director & Executive VP
More about the company
Sector and Competitors
1st jan.Capitalization (M$)
CHUBU ELECTRIC POWER C..-6.38%10 085
DUKE ENERGY CORP9.11%58 860
IBERDROLA SA11.57%50 548
DOMINION ENERGY INC4.07%50 130
SOUTHERN CO1.81%49 771
AMERICAN ELECTRIC POWE..10.53%34 135
More Results