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Shell to sell its shareholding in Showa Shell to Idemitsu
Shell has reached an agreement with Idemitsu for the sale of 125,261,200 shares in Showa Shell Sekiyu KK, representing a 33.24% shareholding in the company, for a total amount of JPY 169 billion (approximately US$1.4 billion). Shell will retain a 1.80% holding in the company.

date.png03 Aug 2015 07:40 | comments.png 0 Comments | tags.png asia japan refinery shell showa [ More ]

TonenGeneral Group to Optimize Kawasaki Refinery Operations
TonenGeneral Sekiyu K.K. (“TonenGeneral” herein) announces that in the interest of optimizing the configuration of its production facilities, it has submitted a notification of change to, the Ministry of the Economy, Trade and Industry (METI) and METI has accepted said notice providing for the reduction of the nominal capacity of the pipestill of its Kawasaki refinery by 10,000 barrels per day from 268,000 barrels per day to 258,000 barrels per day.

date.png09 Apr 2015 11:50 | comments.png 0 Comments | tags.png asia japan refinery tonengeneral [ More ]

Idemitsu Kosan, Comment on Certain Media Report Released on December 20, 2014
On December 20, 2014, certain media reported that Idemitsu Kosan Co.,Ltd.("Idemitsu") might acquire shares of Showa Shell Sekiyu K.K., Idemitsu has not made any announcement in this regard. Idemitsu is considering wide-scale business restructuring, and the two companies are discussing potential cooperation. However, no formal decision has been made regarding such cooperation.

date.png29 Dec 2014 09:01 | comments.png 0 Comments | tags.png asia idemitsu japan refinery shell [ More ]

Start of Construction of Soma LNG Terminal
Japan Petroleum Exploration Co., Ltd. (hereafter, “JAPEX”) today started the construction of an LNG terminal in Shinchi Town, Fukushima Prefecture (Soma Port). JAPEX is also preparing to construct a connecting pipeline to convey vaporized LNG gas from the terminal to its main trunk pipeline.

JAPEX is supplying natural gas produced domestically in Niigata, Yamagata and Akita prefectures, as well as vaporized LNG gas received from overseas, to users in the production areas and to those in other areas through its pipeline network, which includes the Niigata-Sendai Pipeline and Shiroishi-Koriyama Pipeline. JAPEX is also supplying LNG in liquid form to users through LNG satellite stations utilizing freight containers and tank trucks.

JAPEX regards it as its social mission to supply natural gas at a competitive price stably over a long term to respond to an expected increase in natural gas demand in areas including the Tohoku region along the Pacific Ocean including Fukushima, Miyagi and Iwate. Therefore, JAPEX will proceed with the construction of the Soma LNG receiving terminal that will store and vaporize LNG to be offloaded from large ocean-going LNG tankers docked at Soma Port, and the construction of the new 40km pipeline to convey vaporized LNG gas from the terminal to JAPEX’s Niigata-Sendai Pipeline (connecting at the Iwanuma Valve Station in Iwanuma City, Miyagi Prefecture), which is considered JAPEX’s main artery. The completion of the new terminal and pipeline will represent the establishment of a robust energy network that is superior in terms of the ability to ensure stable natural gas supply as well as security in emergencies.

JAPEX has acquired a 10% interest in a natural gas development and production project in British Columbia, Canada, and a 10% interest in the Canada Pacific NorthWest LNG Project, in which natural gas is transported to the Port of Prince Rupert on the western coast of Canada through pipeline and is liquefied and exported as LNG, including the right to offtake 10% of the LNG. The project partners are working toward beginning operation at the liquefaction plant by the end of 2018. Under this project, JAPEX will offtake 10% (1.2 million tons) of the LNG at the plant (about 12 million tons per annum) and use it as one of the LNG sources to be received at the Soma LNG receiving terminal, which will be put into operation in March 2018. JAPEX will thus enhance its integrated operation of the natural gas supply business.

JAPEX will look to further strengthen its natural gas business as one of core profit businesses by steadily promoting an integrated operation and supply system (“gas integration”) that unfailingly supplies consumers with natural gas and LNG produced from gas fields in Japan and abroad through pipelines and LNG import terminals.

Chronology of past events and future schedule

  • November 27, 2013: Final investment decision on construction of Soma LNG Terminal and Connecting Pipeline
  • November 13, 2014: Groundbreaking ceremony for Soma LNG terminal
  • 2017: Scheduled completion of Soma LNG Terminal
  • 2018: Scheduled start of operation of Soma LNG terminal

Overview of Soma LNG Terminal

  • Name: Soma LNG Terminal
  • Construction site: Shinchi Town, Fukushima Prefecture (No. 4 port area in Soma Port) Site area: approximately 20ha
  • Main facilities: One above-ground LNG tank (230,000kl LNG: a future expansion is possible), Large ocean-going LNG tankers receiving berth, LNG domestic vessel shipping and receiving berth (a future expansion is possible), two LNG vaporizers (a future expansion is possible), gas heat capacity value control facilities for vaporized gas, LNG tank truck loading facilities, other facilities
  • Investment amount: Approximately 60 billion yen (including the investment amount for the connecting pipeline)
  • Applicable Law: Gas Business Act
date.png17 Nov 2014 09:52 | comments.png 0 Comments | tags.png asia japan japex lng [ More ]

Sale and Purchase Agreement for LNG from BP Singapore-Introducing "Portfolio contract" for the first time in a long term contrac
Tokyo Electric Power Company (TEPCO) and BP Singapore Pte. (BPS, an affiliate of BP Group) today announced the conclusion of a Sale and Purchase Agreement for liquefied natural gas (LNG).

date.png15 Sep 2014 13:36 | comments.png 0 Comments | tags.png asia bp japan lng tepco top [ More ]

First GDF SUEZ long term LNG sales to Japan
GDF SUEZ and the Japanese utility company Tohoku have signed on 16 May 2014 in Paris a long term LNG sale and purchase Heads of Agreement. Under this new agreement GDF SUEZ commits to deliver 270,000 tonnes per year (tpa) of liquefied natural gas (LNG) to Tohoku Electric Power. The long term contract will start in 2018 and last for a 20-year period.

date.png20 May 2014 12:10 | comments.png 0 Comments | tags.png gdf-suez japan lng top usa [ More ]

Chubu Electric and GAIL agree Memorandum of Understanding in Collaboration Study of Joint LNG Procurement
Chubu Electric Power Company, Inc. (“Chubu Electric”) agreed a Memorandum of Understanding (“MOU”) with Gas Authority of India Limited (“GAIL”).
Under this MOU, Chubu Electric and GAIL will discuss the possibility of collaboration in joint LNG procurement and operations.

date.png03 Apr 2014 13:50 | comments.png 0 Comments | tags.png asia chubu electric gail india japan lng [ More ]

TonenGeneral Group to Optimize Operations
TonenGeneral Sekiyu K.K. (“TonenGeneral” herein) announces that in the interest of optimizing the configuration of its production facilities, it has submitted a notification of change to, the Ministry of the Economy, Trade and Industry (METI) and METI has accepted said notice providing for the reduction of the nominal capacity of the pipestill of its subsidiary Kyokuto Petroleum Industries by 23,000 barrels per day to 152,000 barrels per day.

In order to strengthen its competitiveness, TonenGeneral is engaged in efforts to raise productivity, which may include collaboration within industrial complexes in addition to its own efforts.

date.png27 Mar 2014 12:06 | comments.png 0 Comments | tags.png asia japan refinery tonengeneral [ More ]

Reduction of Nameplate Capacity at Yokkaichi Refinery
Cosmo Oil Co., Ltd. (President and CEO: Keizo Morikawa) announce its decision to reduce the nameplate capacity at Yokkaichi Refinery as described in the chart below.

date.png17 Mar 2014 07:07 | comments.png 0 Comments | tags.png asia cosmo japan refinery [ More ]

Fire Incident at TonenGeneral Sekiyu K.K. Kawasaki Refinery
TonenGeneral Sekiyu K.K. has announced that a fire was observed at around 13:40 today in the upper part of the reactor tower of the resid hydroconversion unit at its Kawasaki Refinery (7-1, Ukishimacho, Kawasaki, Kanagawa; Refinery Manager: Fumito Fujii). The unit was under operational
suspension and was undergoing a cleaning process due to maintenance work.

Six contractors were treated at a hospital as a result of this incident. One of the contractors will be hospitalized overnight for observation.

Currently the resid hydroconversion unit is being filled with nitrogen gas to avoid contact with air, and the situation is under control.

Other units at the refinery are operating normally including land and sea shipping facilities. Further updates will be announced as necessary.

We pray for the quick recovery of the six contractors affected by this incident. We offer our deepest apologies to the local community and to all those involved for any inconvenience and anxiety caused by the incident.

date.png03 Mar 2014 09:04 | comments.png 0 Comments | tags.png asia japan refinery tonengeneral [ More ]
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