Commencement of Operations at the Soma LNG Terminal and Realization of the Power Generation Business
First written in FY2016. 5 of 14 entries say "Advanced", first in FY2017. Latest entry: FY2022.
0 other companies' latest entry also says "Restated".
- FY2022RestatedAnnual report
「Domestic: maintain and expand gas supply volumes, continue stable operations at the FGP power plant, steadily advance renewable energy projects under development and add new projects in which to participate」
For the gas and power businesses based on the Soma LNG terminal, the company has stated its policy of continuing stable operations at the Fukushima Natural Gas Power Plant. - FY2021AchievedAnnual report
「The power business made significant progress, growing into a core business of Infrastructure and Utilities, as typified by the Fukushima Natural Gas Power Plant of Fukushima Gas Power Co., Ltd., in which our company holds approximately a 33% stake, commencing full commercial operations.」
Following the commencement of commercial operations at Units 1 and 2, the Fukushima Natural Gas Power Plant reached the stage of full commercial operation. - FY2021-Q2AdvancedAnnual report
「As a result of Unit 2 of the Fukushima Natural Gas Power Plant commencing commercial operations in August, in addition to Unit 1, which began operations in April this year, electricity revenue was added in earnest」
Unit 2 of the Fukushima Natural Gas Power Plant commenced commercial operations in August, bringing electricity sales into full-scale operation together with Unit 1. - FY2021-Q1AdvancedAnnual report
「Fukushima Gas Power Co., Ltd. (FGP), an affiliate of our company, operates the power generation business at the Fukushima Natural Gas Power Plant adjacent to the Soma LNG terminal.」
The Fukushima Natural Gas Power Plant commenced commercial operations in April 2020, bringing the power business into full-scale operation. FGP, an affiliate, was also included within the scope of equity-method accounting, and the power generation business entered the commercial phase. - FY2020AdvancedAnnual report
「Overall, gas volumes increased by 24 million m³ year on year, or 2.0%, to 1,268 million m³, owing in part to the supply of gas required for commissioning the Fukushima Natural Gas Power Plant at Soma Port in Fukushima Prefecture.」
The company disclosed the supply of gas required for commissioning the Fukushima Natural Gas Power Plant as an actual result, providing greater clarity on the power generation business's transition to the operating phase. - FY2019AdvancedAnnual report
「Revenue in the Japan segment consists mainly of crude oil and natural gas, including LNG, contract work and petroleum products. Revenue for the fiscal year increased by ¥12,540 million year on year, or 5.7%, to ¥232,107 million, despite a decline in crude oil and natural gas sales volumes, owing in part to higher sales prices. Segment profit declined by ¥3,188 million, or 14.2%, to ¥19,308 million, owing in part to increased operating costs associated with the Soma LNG terminal operating throughout the year, following the start of operations in March 2018.」
Following the start of operations, the Soma LNG terminal progressed to operating throughout the year during the current consolidated fiscal year. Meanwhile, increased operating costs were disclosed as a factor behind the decline in profit in the Japan segment. - FY2019-Q3RestatedAnnual report
「Segment profit declined by ¥3,092 million year on year, or 20.5%, to ¥11,961 million, due in part to increased operating costs at the Soma LNG terminal, which began operations in March 2018.」
The company continues to disclose, as in the previous year, that higher operating costs at the Soma LNG terminal were a factor behind the decline in profit in the Japan segment. - FY2019-Q2Operating cost increases emerge as an earnings burdenAnnual report
「The main factors behind the year-on-year increase in revenue but decline in profit were that revenue increased through bitumen sales from the JACOS Hangingstone oil sands project, which began full-scale production operations in August 2017, despite declines in crude oil and natural gas sales volumes, while gross profit declined due in part to increased operating costs at the Soma LNG terminal, which began operations in March 2018.」
The Soma LNG terminal progressed to the post-commissioning phase, while increased operating costs were disclosed as a factor behind the decline in gross profit. - FY2018ReframedAnnual report
「We will pursue the establishment of stable operations and higher utilisation rates at the Fukushima Natural Gas Power Plant, as well as the development of renewable energy.」
The focus has shifted from the phase of commencing operations at the Soma LNG terminal and realising the power generation business to the phase of pursuing stable plant operations, higher utilisation rates and renewable energy development. - FY2018-Q3AchievedAnnual report
「At the end of the previous consolidated fiscal year, the plan for the construction of major facilities included the Soma LNG terminal and natural gas pipeline, located from Shinchi, Fukushima Prefecture, to Iwanuma, Miyagi Prefecture, with construction starting in November 2013. The project was completed in November 2017.」
Construction and development of the Soma LNG terminal and natural gas pipeline have been completed. - FY2017AdvancedAnnual report
「Soma LNG terminal and natural gas pipeline; 60,000; 31,796; internal funds and partial borrowings, etc.; from November 2013; to November 2017」
The company disclosed a total investment of ¥60.0 billion, ¥31.796 billion already paid and scheduled completion in November 2017 for the Soma LNG terminal and natural gas pipeline. - FY2017-Q3RestatedAnnual report
「Our company is pursuing the power generation business through a jointly funded company with another company, but if procedures required under the Environmental Impact Assessment Act for construction of the power plant are delayed, or additional measures become necessary based on the assessment results, the amount of funding required may increase. In addition, revisions to policies concerning the electricity business and changes in market conditions could adversely affect future electricity sales.」
The company continues to state its policy of pursuing the power generation business through a jointly funded company with another company. - FY2017-Q2RestatedAnnual report
「Our company is pursuing the power generation business through a jointly funded company with another company, but」
The company continues to pursue the power generation business and has specified that it will do so through a jointly funded company with another company. - FY2016First statedAnnual report
「Commence operations at the Soma LNG terminal and realise the power generation business.」
The project is presented separately as a major project in the domestic natural gas supply business.