TAIWANS’S CPC RECEIVES FIRST LNG CARGO FROM CHENIERE AT TAICHUNG IMPORT TERMINAL
The USA has become a major LNG exporter with the ramp up of Cheniere’s Sabine Pass terminal in Louisiana.
CPC, state-owned petroleum and natural gas company in Taiwan confirmed that its first shipment of LNG purchased from the Cheniere Energy arrived at the LNG terminal in Taichung in Taiwan.
The shipment of 55,000 metric tons of LNG is the first under a deal signed between the two companies in 2018, which stipulates that Cheniere will supply CPC with 2 million metric tons of LNG from 2021 to 2045. This approximately represents 30 shipments a year for a period of 25 years.
This is not the first LNG cargo delivered by Cheniere to Taiwan. The Cadiz Knutsen LNG tanker loaded at Cheniere’s Sabine Pass LNG export terminal docked in the port of Taichung on June 11, 2017. This was the first ever US LNG cargo produced from shale gas, delivered to Taiwan.
Taiwan has limited indigenous energy resources; therefore, it depends on import for most of its fossil fuel needs. As a result, CPC has cooperated with the government to implement the policy of “Expanding upstream energy operations by acquiring and forging international energy cooperation”.
CPC said that the 25-year agreement is “a crucial step further strengthening the trade relationship between the USA and Taiwan.”
Cheniere Partners owns 100% of the Sabine Pass LNG terminal located on the Sabine-Neches Waterway less than four miles from the Gulf Coast.
A third of Taiwan’s power is generated by LNG, and the government plans to increase that to 50 percent by 2025,
Taiwan’s Ministry of Economic Affairs said the country plans to phase out nuclear power and transition to green energy.
Owned by CPC, the Taichung LNG import terminal is located in the Taichung Harbor, on the western side of central Taiwan. The terminal was designed to supply natural gas to TaiPower’s Datan power station, as well as industrial firms and household users in northern and central Taiwan.
(Source: Focus Taiwan/Cheniere/ICRT/CPC)
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