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Construction starts on Taiwan’s largest LNG storage tanks
10/8/2022
News
Bechtel, CPC and MRY have started construction on new LNG tanks for the Phase III project at the Taichung import terminal in Taiwan. The two 180,000 m3 full containment LNG tanks are the largest storage tanks to be built in the country to date.
CPC is expanding the Taichung terminal with the new tanks and associated regasification facilities in order to meet increasing demand for natural gas and to improve the stability of natural gas supplies in Taiwan. Gas will become increasingly important in the country’s energy mix as it transitions away from imported coal as its primary source of energy.
Coal currently generates over half of Taiwan’s power. However, as part of the country’s commitment to become net zero by 2050, the government is targeting an energy mix of 50% natural gas, 30% coal and 20% renewables by 2025. Ramping up Taiwan’s LNG capacity is critical to the country’s energy transition plan and building storage facilities is key to developing a secure and reliable LNG supply.
The two new LNG tanks being built at Taichung will bring the terminal’s total capacity to 10mn t/y. Owned and operated by state-owned oil and gas company CPC, the terminal was originally commissioned in July 2009 with an initial capacity of 3mn t/y.
