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Natural gas

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

Strategic Insights

— 2 min read

CTCI, a leading engineering, procurement, and construction (EPC) group in Taiwan, has been awarded a significant LNG terminal-related EPC contract to support the construction of a regasification facility at the Kaohsiung Intercontinental LNG Receiving Terminal in southern Taiwan. The contract, valued at NT$29.6 billion, will enable the conversion of liquefied natural gas (LNG) into gaseous state natural gas for distribution, with a capacity of 1,600 tons per hour. Scheduled for completion by 2030, the regasification facility will increase natural gas supply resilience across the island, contributing to national energy stability amidst growing demand for LNG and LNG-induced electricity.

Key Takeaways:

  • CTCI has secured a major LNG terminal-related EPC contract with a contract value of NT$29.6 billion to build a regasification facility at the Kaohsiung Intercontinental LNG Receiving Terminal in southern Taiwan.
  • The regasification facility will convert liquefied natural gas (LNG) into gaseous state natural gas for distribution, with a capacity of 1,600 tons per hour.
  • The project contributes to increasing natural gas supply resilience across the island, enhancing national energy stability and supporting the country's aim to lower carbon emissions from electricity.
  • The regasification facility features sustainable and innovative technologies, including seawater-based heating and cold energy recovery.
  • CTCI has a proven track record in LNG terminal construction, having participated in the engineering and construction of all operating LNG receiving terminals in Taiwan.
  • The company has completed eleven LNG terminal projects globally, contributing to 40 million tons in LNG supply capacity per year.
  • CTCI plays a crucial role in promoting a net-zero future by engaging in renewable energy facility construction and exploring new energy markets.
  • President Michael Yang of CTCI emphasizes the company's commitment to sustainable earth conservation and low-carbon supply chain development.

Statistics:

  • NT$29.6 billion: Contract value for the regasification facility project.
  • 1,600 tons per hour: Regasification facility's output capacity.
  • 2030: Scheduled completion date for the regasification facility project.
  • 60%: Expected increase in global LNG demand by 2040.
  • 40 million tons: Annual LNG supply capacity contributed by CTCI's past project involvement.
  • 8,000 employees: Number of CTCI's workforce across more than 50 operation bases globally.
  • 10 countries: Number of countries with CTCI's operation bases.
  • 11 LNG terminal projects: Number of projects CTCI has completed globally, including new construction and expansion.

Sources:

  • CTCI Corporation (exact wording from the original source)
  • Taiwan Stock Exchange (TWSE: 9933, TPEx: 5209, TPEx: 6803)
  • Dow Jones Best-in-Class Emerging Markets Index

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