TAIWAN GETS INITIAL LNG SHIPMENT

April 9, 1990
Taiwan's state owned Chinese Petroleum Corp. (CPC) has started up the long-delayed $1.26 billion Yung-an liquefied natural gas terminal. The first tanker carrying Indonesian LNG arrived Mar. 26 at the terminal on the island's southwest coast. Until now, Taiwan has not imported LNG. The country plans to convert several oil or coal fired power plants to burn gas because of environmental concerns (OGJ, May 1, 1989, p. 27). Under an agreement signed in 1987, Indonesia will supply 1.5

Taiwan's state owned Chinese Petroleum Corp. (CPC) has started up the long-delayed $1.26 billion Yung-an liquefied natural gas terminal.

The first tanker carrying Indonesian LNG arrived Mar. 26 at the terminal on the island's southwest coast.

Until now, Taiwan has not imported LNG. The country plans to convert several oil or coal fired power plants to burn gas because of environmental concerns (OGJ, May 1, 1989, p. 27).

Under an agreement signed in 1987, Indonesia will supply 1.5 million metric tons/year of LNG to the new terminal for 20 years.

The terminal was originally scheduled for completion in 1988. A series of delays, including almost 140 work days lost because of blockades by fishermen protesting damage to their fishing grounds, resulted in the project falling more than 1 year behind schedule.

CPC estimates Taiwan's demand for LNG will increase to 5.5 million metric tons/year by 1998. Taiwan currently requires 3 million metric tons/year for residential gas use and power generation, CPC said.

To accommodate the expected increase, CPC is drawing up plans to expand the terminal. That project, details of which are not disclosed, is scheduled for completion in 1995.

Copyright 1990 Oil & Gas Journal. All Rights Reserved.