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    CTCI to Build LNG Import Plant in Taiwan

Summary

Taiwan relies mostly on oil and coal for its energy needs, but it wants to boost the share of gas to 50% within the next five years.

by: Joe Murphy

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Natural Gas & LNG News, Asia/Oceania, Liquefied Natural Gas (LNG), Premium, Corporate, Import/Export, Contracts and tenders, Infrastructure, , News By Country, Taiwan

CTCI to Build LNG Import Plant in Taiwan

Taiwanese contractor CTCI Corp has reported winning an engineering, procurement and construction (EPC) contract worth NT$ 19bn (US$647mn) to build an LNG receiving and regasification facility. 

The facility will serve the Taichung gas-fired power plant, where CTCI and partner General Electric have won a contract to add 2.6 GW of generation capacity. It will supply 720 mt/hour to Taichung and also the Tunghsiao power plant.

CTCI has worked on LNG infrastructure before. Earlier this year it secured a $623mn contract to build state-owned CPC's third LNG receiving terminal at the Guantang industrial area in Taoyuan.

Taiwan's government wants to boost the share of gas in the country's power mix to 50% by 2025, in order to lower its emissions. Oil is Taiwan's main fuel in power generation, followed by coal.