CTCI Secures Major LNG Terminal Contract to Enhance Taiwan's Energy Resilience

Strategic Insights -

CTCI Corporation, Taiwan's leading EPC group, has been awarded another major contract to build a regasification facility at the Kaohsiung Intercontinental LNG Receiving Terminal in southern Taiwan. The NT$29.6 billion contract is part of CTCI's ongoing efforts to support Taiwan's growing demand for natural gas and reduce carbon emissions. The regasification facility, set to be completed by 2030, will convert LNG into gaseous state natural gas for further distribution, increasing the island's resilience in natural gas supply.

Key Takeaways:

  • CTCI has secured a NT$29.6 billion contract to build a regasification facility at the Kaohsiung Intercontinental LNG Receiving Terminal in southern Taiwan.
  • The regasification facility will convert LNG into gaseous state natural gas for further distribution, with an output of 1,600 tons per hour.
  • The project is part of Taiwan's efforts to increase its natural gas supply and reduce carbon emissions, with LNG and LNG-induced electricity in high demand due to economic growth, AI infrastructure power needs, and decarbonized/low-carbon power generation trends.
  • CTCI will leverage green and intelligent technologies to save energy, cut carbon emissions, and make construction more time-efficient.
  • The regasification facility features sustainable and innovative design, utilizing seawater for heating and recovering and repurposing cold energy released from the regasification process.
  • CTCI has extensive experience in LNG terminal construction, with a global track record of 11 LNG terminal projects across China, India, Taiwan, and Thailand, contributing to 40 million tons in LNG supply capacity per year.
  • CTCI is a key player in ushering a net-zero future, participating extensively in renewable energy facility construction and actively exploring new energy markets.

Statistics:

  • 60% increase in demand for LNG globally expected by 2040 (Globally, the demand for LNG is expected to increase 60% by 2040).
  • 2030 completion date for the regasification facility (slated to be completed by 2030).
  • NT$29.6 billion contract value for the regasification facility (NT$29.6bn in contract value).
  • 1,600 tons per hour output for the regasification facility (at an output of 1,600 tons per hour).
  • 40 million tons in LNG supply capacity per year contributed by CTCI's global LNG terminal projects (contributing to 40 million tons in LNG supply capacity per year).

Sources:

  • "CTCI Corporation Signs NT$29.6 Billion Regasification Facility Contract with CPC Corporation" (SyndiGate Media Inc.).
  • "Taiwan's CTCI awarded major LNG terminal contract" (Gulfoilandgas.com).