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Japanese gas-fired power generation project welcomes three new participants

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LNG Industry,

At the recent shareholders meeting of Fukushima Gas Power Co. Ltd (FGP), the commercialisation of the natural gas-fired power generation project in Soma Port, Shinchi Town, Fukushima Prefecture, Japan, as well as the participation of three new shareholders, was approved.

These three new shareholders – Osaka Gas Co. Ltd, Mitsubishi Gas Chemical Co. Inc., and Hokkaido Electric Power Co. Inc. – will join current shareholders Japan Petroleum Exploration Co. Ltd (JAPEX) and Mitsui & Co. They will also assume the role of business partners for the project.

The project will feature two power generation gas turbine combined-cycle units, which will be able to generate 590 000 kW. Furthermore, FGP is planning to build an above-ground LNG storage tank, capable of storing 230 000 kilolitres, as well as LNG vaporisation equipment on the site of JAPEX’s Soma LNG terminal, which is under construction at FGP’s neighbouring plant site. The construction management and operations of the LNG tank and vaporisation equipment, including the safekeeping and vaporisation of LNG, as well as the supply of vaporised gas to the power plant, will be outsourced by FGP to JAPEX.

FGP will continue proceeding with the environmental assessment and finalise contracts with engineering, procurement and construction (EPC) contractors. It plans to start the construction of the plant once the environmental assessment is completed, which is expected to happen by summer 2017. Following this, commercial operations are then expected to commence by spring 2020.

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