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

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 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
07/27 Marubeni Corporation - Joint implementation of a feasibility study of the Off..
07/21 CHUBU ELECTRIC POWER INCORPORATE : Signing of Agreement to Ensure the Safety of ..
07/13 CHUBU ELECTRIC POWER INCORPORATE : Commercial Operation Begins at Nyukawa Hydroe..
07/08 CHUBU ELECTRIC POWER INCORPORATE : Issuing 511th and 512th Corporate Bonds (Dome..
07/04 CHUBU ELECTRIC POWER INCORPORATE : Jointly Implementing an Operation Support Ser..
06/22 CHUBU ELECTRIC POWER INCORPORATE : Causes of Omaezaki Wind Power Station Unit 4 ..
06/16 CHUBU ELECTRIC POWER INCORPORATE : Causes of Omaezaki Wind Power Station Unit 4 ..
06/13 CHUBU ELECTRIC POWER INCORPORATE : Change of the FY2016 new fuel transportation ..
06/10 CHUBU ELECTRIC POWER INCORPORATE : Issuing 509th and 510th Corporate Bonds (Dome..
06/08 CHUBU ELECTRIC POWER INCORPORATE : Change of the FY2016 new fuel transportation ..
More news
Sector news : Electric Utilities - NEC
07/28DJEDISON : Results Impacted by Taxes, Rate-Case Decision
07/28DJPG&E : Profit Falls on Higher Maintenance Costs, Revenue Drop
07/28DJTENAGA NASIONAL BHD : Malaysia's Tenaga Third-Quarter Profit Up on Stronger Reve..
07/28 CENTRICA : profit falls as UK customers switch suppliers
07/28DJPOWER ASSETS : 1st Half Net Profit HK$3.48 Billion
More sector news : Electric Utilities - NEC
News from SeekingAlpha
03/29 Despite Recent Windfall From Commodity Slump, TEPCO Remains Total Junk
Advertisement
Financials ( JPY)
Sales 2017 2 568 870 M
EBIT 2017 -
Net income 2017 109 253 M
Debt 2017 2 330 501 M
Yield 2017 2,10%
P/E ratio 2017 10,89
P/E ratio 2018 15,60
EV / Sales 2017 1,36x
EV / Sales 2018 1,34x
Capitalization 1 162 772 M
More Financials
Chart CHUBU ELECTRIC POWER COMPA
Duration : Period :
Chubu Electric Power Compa Technical Analysis Chart | 9502 | JP3526600006 | 4-Traders
Full-screen chart
Technical analysis trends CHUBU ELECTRIC PO...
Short TermMid-TermLong Term
TrendsBullishNeutralBearish
Technical analysis
Income Statement Evolution
More Financials
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 11
Average target price 1 729  JPY
Spread / Average Target 13%
Consensus details
EPS Revisions
More Estimates Revisions
Managers
NameTitle
Satoru Katsuno President & Representative Director
Akihisa Mizuno Chairman
Tomohiko Ohno Representative Director & Executive Vice President
Masatoshi Sakaguchi Representative Director, EVP & GM-Nuclear Power
Kazuhiro Matsubara Representative Director & Executive Vice President
More about the company
Sector and Competitors
1st jan.Capitalization (M$)
CHUBU ELECTRIC POWER C..-7.87%11 089
DUKE ENERGY CORP18.83%58 439
SOUTHERN CO14.43%50 250
DOMINION RESOURCES, IN..13.13%47 153
IBERDROLA SA-5.73%43 354
KOREA ELECTRIC POWER C..--.--%35 270
More Results