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4-Traders Homepage  >  Equities  >  Tokyo  >  Tokyo Electric Power Company Holding Inc    9501   JP3585800000

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Japan's JERA imports first LNG cargo shipped from Chevron's Wheatstone site

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11/13/2017 | 04:41am CET

Japan's JERA Co, the fuel-buying joint venture of Tokyo Electric Power (>> Tokyo Electric Power Company Holding Inc) and Chubu Electric Power (>> Chubu Electric Power Co Inc), said it received the first liquefied natural gas (LNG) cargo shipped from Chevron's (>> Chevron Corporation) Wheatstone project in Australia.

Japan's JERA Co, the fuel-buying joint venture of Tokyo Electric Power (>> Tokyo Electric Power Company Holding Inc) and Chubu Electric Power (>> Chubu Electric Power Co Inc), said it received the first liquefied natural gas (LNG) cargo shipped from Chevron's (>> Chevron Corporation) Wheatstone project in Australia.

The tanker "Asia Venture," carrying about 70,000 tonnes of LNG, arrived on Sunday at Tokyo Electric Power's Futtsu LNG terminal in Chiba prefecture on Tokyo Bay, said a spokesman for JERA, the world's biggest LNG buyer, on Monday.

Chevron said last month that the Wheatstone LNG project, which started production in early October, shipped its first cargo to JERA.

JERA has contracts to buy 5.2 million tonnes per year of LNG from the Wheatstone project.

Wheatstone has two units, which at full capacity will supply 8.9 million metric tonnes of LNG a year to customers in Asia. After the second train starts up in 2018, JERA will receive around six LNG cargoes per month from the project, a company official said.

(Reporting by Osamu Tsukimori; Editing by Christian Schmollinger)

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Financials ( JPY)
Sales 2018 5 705 B
EBIT 2018 -
Net income 2018 252 B
Debt 2018 5 555 B
Yield 2018 -
P/E ratio 2018 3,59
P/E ratio 2019 4,04
EV / Sales 2018 1,10x
EV / Sales 2019 1,08x
Capitalization 731 B
Chart TOKYO ELECTRIC POWER COMPA
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Tokyo Electric Power Compa Technical Analysis Chart | 9501 | JP3585800000 | 4-Traders
Technical analysis trends TOKYO ELECTRIC POWER COMPA
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Income Statement Evolution
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Mean consensus HOLD
Number of Analysts 4
Average target price 483  JPY
Spread / Average Target 6,2%
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Managers
NameTitle
Tomoaki Kobayakawa President & Director
Takashi Kawamura Chairman
Toshihiro Sano Director
Yuji Masuda Director
Toshiro Takebe Director
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