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 news 

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 CET

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
11/30 CHUBU ELECTRIC POWER INCORPORATE : Registration of gas retail operations
11/29 CHUBU ELECTRIC POWER INCORPORATE : Issuing 516th and 517th Corporate Bonds ʌ..
11/24 CHUBU ELECTRIC POWER INCORPORATE : Inspection Results Concerning the Underground..
11/04 DEVELOPMENT AND MARKETING OF CAONS14 : an Air-Source Circular-Heating Heat Pump-..
10/25 CHUBU ELECTRIC POWER INCORPORATE : Development and Marketing of Infrared Lamp He..
10/24 DEVELOPMENT OF ONE-SHOT BOILER : A New Electric Boiler~Offers Quick Recov..
10/07 CHUBU ELECTRIC POWER INCORPORATE : Issuing 514th and 515th Corporate Bonds ʌ..
09/28 CHUBU ELECTRIC POWER COMPANY,INCORPO : ex-dividend day for interim dividend
09/26 CHUBU ELECTRIC POWER INCORPORATE : and INPEX to Begin Wholesale Electricity Supp..
09/21 CHUBU ELECTRIC POWER INCORPORATE : Applying for Gas Retail Business Registration..
More news
Sector news : Electric Utilities - NEC
02:58a TOKYO ELECTRIC POWER : Japan to increase loan to Fukushima operator Tepco to $12..
12/06DJORIGIN ENERGY : to Sell Oil-and Gas Operations Through IPO -- Update
12/05DJOrigin Energy to Float Conventional Upstream Business
12/02DJOrigin Energy's New CEO Makes Changes to Leadership Team
11/25DJDOMINION RESOURCES : Saudi Arabia to Skip Meeting With Non-OPEC Producers
More sector news : Electric Utilities - NEC
News from SeekingAlpha
03/29 Despite Recent Windfall From Commodity Slump, TEPCO Remains Total Junk
Advertisement
Financials ( JPY)
Sales 2017 2 537 672 M
EBIT 2017 -
Net income 2017 122 196 M
Debt 2017 2 385 075 M
Yield 2017 1,92%
P/E ratio 2017 9,94
P/E ratio 2018 16,47
EV / Sales 2017 1,42x
EV / Sales 2018 1,41x
Capitalization 1 227 581 M
More Financials
Chart CHUBU ELECTRIC POWER COMPA
Duration : Period :
Chubu Electric Power Compa Technical Analysis Chart | 9502 | JP3526600006 | 4-Traders
Full-screen chart
Technical analysis trends CHUBU ELECTRIC PO...
Short TermMid-TermLong Term
TrendsBullishBullishNeutral
Technical analysis
Income Statement Evolution
More Financials
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 8
Average target price 1 616  JPY
Spread / Average Target -0,23%
Consensus details
EPS Revisions
More Estimates Revisions
Managers
NameTitle
Satoru Katsuno President & Representative Director
Akihisa Mizuno Chairman
Kazuhiko Okabe General Manager-Technology Development
Hiroshi Watanabe Head-Information Systems
Tomohiko Ohno Secretary, Representative Director & Executive VP
More about the company
Sector and Competitors
1st jan.Capitalization (M$)
CHUBU ELECTRIC POWER C..-1.25%10 806
DUKE ENERGY CORP4.59%51 443
SOUTHERN CO0.77%46 207
DOMINION RESOURCES, IN..8.66%46 066
IBERDROLA SA-11.83%39 233
EXELON CORPORATION20.74%30 957
More Results