Firm denied Canadian LNG opens Japanese import terminal near Fukushima disaster zone
The first LNG shipment has arrived at Japan’s new Soma LNG import terminal owned by Japan Petroleum Exploration Co. and located in Fukushima Prefecture in eastern Japan, near where the nuclear disaster happened in March 2011.
Tokyo Electric and Chubu conclude integration deal for fuel and LNG receipt and storage assets
Tokyo Electric Power Co. and Chubu Electric Power have concluded their agreement on the integration into their Jera Co. Inc. joint venture of their fuel receipt, LNG storage and gas transportation businesses, as well as existing thermal power generation assets with synergy savings alone estimated at more the $890 million a year.
Tepco-Chubu power move
Feb 20 (LNGJ) - Tokyo Electric Power Co. and Chubu Electric, whose LNG procurement joint venture Jera Co. Inc. is the largest global buyer, are holding talks about integrating their thermal power generation businesses in fiscal 2018. Tepco and Chubu launched Jera for joint LNG procurement, though stopped short of amalgamating their thermal power assets because of concerns from Chubu that funds could be diverted to the clean-up of the disaster-hit Fukushima nuclear plant, owned by Tepco. However, Tepco recently compiled a draft business plan on the power businesses that convinced Chubu that no joint funds could be diverted.
