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 Co Inc    9502   JP3526600006

CHUBU ELECTRIC POWER CO INC (9502)
Mes dernières consult.
Most popular
  Report  
SummaryChartsNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsofficial PublicationsSector 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

ADELAIDE (Reuters) - 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.

ADELAIDE (Reuters) - 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)

Stocks mentioned in the article
ChangeLast1st jan.
APACHE CORPORATION -1.89% 42.03 Delayed Quote.-2.06%
CHEVRON CORPORATION -0.09% 123.71 Delayed Quote.-2.98%
CHUBU ELECTRIC POWER CO INC 3.88% 1660 End-of-day quote.17.15%
KYUSHU ELECTRIC POWER COMPANY, INC. 0.80% 1264 End-of-day quote.5.51%
TOHOKU ELECTRIC POWER CO., INC. 1.87% 1469 End-of-day quote.1.03%
TOKYO ELECTRIC POWER COMPANY HOLDING INC 1.56% 457 End-of-day quote.1.33%
share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on CHUBU ELECTRIC POWER CO IN
04/10Rakuten secures approval for MNO launch
AQ
04/02GENERAL ELECTRIC : GE's HA Gas Turbine Delivers Second World Record for Efficien..
AQ
03/28CHUBU ELECTRIC POWER : and Toshiba' Combined-cycle Power Plant Holds a GUINESS W..
AQ
03/28CHUBU ELECTRIC POWER CO INC : Ex-dividend day for for final dividend
FA
03/27GENERAL ELECTRIC : GE's HA Gas Turbine Delivers Second World Record for Efficien..
AQ
03/14CHUBU ELECTRIC POWER : Japan`s Third Largest Utility Tests Bitcoin On Lightning
AQ
02/28CHUBU ELECTRIC POWER : Agreement on Integration of Existing Thermal Power Genera..
AQ
02/08CHUBU ELECTRIC POWER : and IIJ Agreed to Establish a Joint Venture for Connected..
AQ
02/03TOYOTA TSUSHO : Japan firms to form LNG bunkering business
AQ
02/02CHUBU ELECTRIC POWER : Starters Orders for Japan Solar
AQ
More news
News from SeekingAlpha
2017Chubu Electric Power 2017 Q2 - Results - Earnings Call Slides 
2016Despite Recent Windfall From Commodity Slump, TEPCO Remains Total Junk 
Financials ( JPY)
Sales 2018 2 795 B
EBIT 2018 132 590 B
Net income 2018 76 058 M
Debt 2018 2 536 B
Yield 2018 2,06%
P/E ratio 2018 15,91
P/E ratio 2019 13,05
EV / Sales 2018 1,34x
EV / Sales 2019 1,29x
Capitalization 1 211 B
Chart CHUBU ELECTRIC POWER CO IN
Duration : Period :
Chubu Electric Power Co In Technical Analysis Chart | 9502 | JP3526600006 | 4-Traders
Technical analysis trends CHUBU ELECTRIC POWER CO IN
Short TermMid-TermLong Term
TrendsBullishBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 7
Average target price 1 632  JPY
Spread / Average Target 2,1%
EPS Revisions
Managers
NameTitle
Satoru Katsuno President & Representative Director
Akihisa Mizuno Chairman
Kazuhiko Okabe General Manager-Technology Development
Yoshinori Masuda Representative Director & Executive Vice President
Masanori Matsuura Representative Director & Executive Vice President
Sector and Competitors
1st jan.Capitalization (M$)
CHUBU ELECTRIC POWER CO INC17.15%11 275
DUKE ENERGY CORP-6.93%54 843
IBERDROLA-2.51%50 181
SOUTHERN COMPANY-4.72%45 801
DOMINION ENERGY-18.96%44 430
EXELON CORPORATION-0.86%37 577