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CTCI announced on Thursday that it was awarded another major LNG terminal-related EPC contract to help the state-owned company build a regasification facility at the Kaohsiung intercontinental LNG receiving terminal, also known as the 7th LNG receiving terminal.
This award follows a contract CPC awarded earlier this year to CTCI and a unit of Japan’s IHI to build four 180,000-cbm LNG storage tanks at the import facility.
CTCI stated that the new award is valued at NT$29.6 billion ($970 million).
The regasification facility will convert LNG coming from four the 180,000-cbm tanks into gaseous state natural gas for further distribution, at an output of 1,600 tons per hour.
Slated to be completed by 2030, the regasification facility helps increase resilience in natural gas supply across the island and contributes to national energy stability, in a time when LNG and LNG-induced electricity are in hot demand due to economic growth, AI infrastructure power needs, and decarbonized/low-carbon power generation trend, CTCI noted.
The EPC firm stated that the regasification facility features “innovative” design elements.
Seawater will be used for heating the cryogenic LNG at -162°C into gaseous state, while the cold energy released from the regasification process will be recovered and repurposed for air conditioning inside the facility.
CPC’s LNG terminals
In December 2024, CPC received approval from the environment ministry for the intercontinental LNG terminal.
CPC said the facility is expected to have a capacity of 6 million tonnes per annum.
Taiwan currently imports LNG via two terminals operated by CPC.
CPC operates the Yung-An LNG terminal with a capacity of 10.5 mtpa and the Taichung LNG import terminal with a capacity of 6 mtpa. The firm is also expanding its Taichung LNG terminal.
In addition, CPC is also working on the Guantang LNG terminal, and the Zhouji LNG terminal.
In April, Methane Rita Andrea’s AIS data provided by VeseselsValue showed that the LNG carrier was located at the Guantang LNG terminal, or Taoyuan LNG terminal.