Taiwan’s CPC gets first LNG cargo as part of Cheniere deal

Taiwan’s CPC Corp received on Sunday the first LNG cargo under a long-term contract it has with US exporter Cheniere.

CPC said the 149,172-cbm Fuji LNG delivered the maiden cargo to its Taichung LNG import terminal from Cheniere’s Corpus Christi plant in Texas.

To remind, the duo signed a 25-year deal for some 2 million tonnes per annum of LNG back in August 2018.

CPC added it would receive about 30 cargoes per year on a delivered ex-ship basis from Cheniere as Taiwan looks to diversify its energy sources and increase gas-fired power generation.

The state-owned company currently operates two LNG import facilities incuding Taichung and the Yung-An facility in Kaohsiung but it also plans a third facility in Taoyuan.

Additionally, Taipower is building Taiwan’s first LNG receiving and regasification facility not owned by CPC in Taichung.

On the other side, Cheniere currently operates the 25 mtpa Sabine Pass LNG plant in Louisiana, the largest such facility in the US, and is adding a sixth train for a total capacity of about 30 mtpa.

Moreover, the firm is finalizing works on the third Corpus Christi train boosting the total output to 15 mtpa.

- Advertisements -

Most Popular

TotalEnergies supplies LNG cargo to PetroVietnam Gas

PetroVietnam Gas, a unit of state-owned PetroVietnam, has received a liquefied natural gas cargo from a unit of France's...

Spot LNG shipping rates nearly flat, European prices drop

Spot charter rates for the global liquefied natural gas (LNG) carrier fleet remained steady this week, while European prices...

US LNG exports climb to 28 shipments

US liquefied natural gas exports rose in the week ending May 15 compared to the week before, with the...

More News Like This

Cheniere: Q1 revenue down to $4.3 billion, Corpus Christi expansion 56 percent complete

US LNG exporting giant Cheniere reported a 42 percent drop in its quarterly revenue due to lower prices, while...

Flex clinches another LNG carrier charter extension

Norwegian shipping firm Flex LNG, the owner of 13 liquefied natural gas carriers, has secured a time charter extension...

Cheniere’s Corpus Christi LNG expansion project almost 53 percent complete

The Stage 3 expansion project at Cheniere's Corpus Christi LNG export plant in Texas is almost 53 percent complete,...

Cheniere in $1.5 billion senior notes offering

US LNG exporting giant Cheniere has priced its $1.5 billion offering of senior notes due 2034. Cheniere said in a...