AsiaContracts and Tenders

Taiwan’s CPC, TSMC ink carbon-neutral LNG deal

By LNG Prime Staff
Taiwan's CPC, TSMC ink carbon-neutral LNG deal
For illustration only (Image: CPC)

Taiwan’s CPC Corp said it has signed a memorandum of understanding with compatriot Taiwan Semiconductor Manufacturing (TSMC) to cooperate on carbon-neutral LNG.

In the future, state-owned CPC would provide carbon-neutral regasified LNG to TSMC, the world’s largest contract chipmaker, as the latter looks to further decarbonize its operations, according to a statement.

CPC’s chairman Shun-Chin Lee said that the firm would continue to import carbon-neutral LNG and demonstrate its ambition to face the energy transition.

He added that by providing carbon-neutral natural gas, CPC would help domestic manufacturers meet the decarbonization requirements set by Europe and the US.

Taiwan also has ambitions to achieve net-zero carbon emissions by 2050.

CPC has previoulsy received several carbon-neutral LNG shipments. These include cargoes from Shell, Eni, and BP.

The firm currently operates two LNG import facilities, namely Taichung and the Yung-An facility in Kaohsiung, but it also plans a third plant in Taoyuan.

Most Popular

LNG Terminals

YPF CEO: FID on second Argentina FLNG expected by July

Pan American Energy, Golar LNG, YPF, Pampa Energia, and Harbour Energy plan to take a final investment decision on Argentina's second floating LNG production unit by the end of July, according to YPF CEO Horacio Marin.
LNG Terminals

Sempra still targets Port Arthur LNG expansion FID in 2025

Sempra Infrastructure, a unit of Sempra, still expects to make a final investment decision on the second phase of its Port Arthur LNG export project in Texas in 2025.
Contracts and Tenders

Egypt’s EGAS inks new FSRU charter deal with Hoegh Evi

Norwegian FSRU player Hoegh Evi has signed a new charter deal with Egypt’s EGAS to deploy a converted FSRU in Egypt. Hoegh Evi will convert the LNG carrier Hoegh Gandria to a floating storage and regasification unit.

More News Like This

LNG Terminals

Taiwan’s LNG imports jump in April

Taiwan's imports of liquefied natural gas (LNG) jumped last month compared to April 2024, according to customs data.
LNG Terminals

Taiwan’s LNG imports climb in March

Taiwan's imports of liquefied natural gas (LNG) rose last month compared to March 2024, according to customs data.
Contracts and Tenders

Taiwan’s CPC inks initial Alaska LNG deal

Taiwan’s CPC Corp has signed a letter of intent with Alaska Gasline Development Corporation (AGDC) to buy LNG and invest in the latter's planned Alaska LNG project.
Contracts and Tenders

CPC awards contract for four Kaohsiung LNG storage tanks

Taiwan’s CPC Corp has awarded a contract to compatriot CTCI and a unit of Japan's IHI to build four 180,000-cbm liquefied natural gas (LNG) storage tanks at the planned import terminal in Kaohsiung.

2025. © All rights reserved. LNG Prime LLC. 447 Broadway, New York, NY 10013, USA