TAIWAN SLATES ANOTHER LNG PROJECT
Taiwan's state owned Chinese Petroleum Corp. (CPC) will spend $2.6 billion to double capacity at its liquefied natural gas receiving terminal at Yungan.
Planned expansion of the facility in southern Taiwan includes laying a 230 km pipeline to deliver regasified LNG to Taiwan Power Co. (TPC).
The new expansion plans come on the heels of an expansion currently under way and expected to be complete in 1996.
The current expansion project will increase capacity of the Yungan terminal threefold to 4.5 million metric tons/year of LNG.
The second expansion is to add another 4.5 million tons/year of capacity at Yungan. The project is scheduled to get under way in 1995 and is targeted for completion by 2000.
CPC said the latest expansion plans for Yungan likely will result in a delay of construction for a grassroots LNG receiving terminal. planned for northern Taiwan.
Taiwan's Ministry of Economic Affairs recently approved plans by CPC and TPC to build a $5.7-6 billion, 4 million kw gas fired power plant and LNG receiving terminal in Taoyuan County in northern Taiwan (OGJ, Apr. 5, Newsletter).
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