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Taiwans Natural Gas Consumption
- By Oil and Gas Author
- Published 08/31/2006
- Crude Oil Petroleum , Natural Gas Petroleum , Exploration and Discoveries , Liquefied Natural Gas LNG , Offshore Drilling , Petroleum Pipeline
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View all articles by Oil and Gas AuthorIndonesia and Malaysia are Taiwans current LNG suppliers; however, concerns have grown over the stability of the Indonesian supply, particularly after Indonesias Petramina canceled ten LNG cargoes to Taiwan in late 2004. CPC has since worked to diversify its LNG supply. In June 2005, CPC signed a 25-year LNG purchase agreement with RasGas of Qatar to begin in 2008.
CPC operates Taiwans only LNG receiving terminal at Yungan, Kaohsiung. However, Taiwans energy sector liberalization program has made possible the construction of competing LNG import terminals. Several private Taiwanese and Japanese firms formed a consortium, Tung Ting Gas, to pursue an LNG regasification project in Tao-Yuan county. Construction of the terminal began in mid-2001 by Japans Chiyoda and Taiwans CTCI, in the hope of winning an LNG supply contract. When Tung Ting failed to received the contract, work on the project was suspended. Meanwhile, CPCs new LNG import terminal in Tatan is scheduled for completion in 2009 and will increase Taiwans LNG importing capacity from 4.5 to 7.5 million tons.
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