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Jul 25, 2022
Taiwan is prioritizing energy transition by expanding its capacity of cleaner, greener, and safer energy sources such as liquified natural gas (LNG). Creating a more reliable and resilient energy infrastructure is particularly important to Taiwan’s energy transition program, as the country relies on imports due to its natural resource deficit.
Coal currently generates over half of Taiwan’s power. As part of the country’s commitment to become net zero by 2050, the government is targeting an energy mix of 50 percent natural gas, 30 percent coal, and 20 percent renewables by 2025. With gas at the helm of this target, ramping up Taiwan’s LNG capacity is critical to the country’s energy transition plan. Building storage facilities is key to developing a secure and reliable LNG supply. Bechtel is working with Taiwan to increase its LNG capacity by building two 180,000 m3 full containment LNG tanks for the CPC Taichung Phase III LNG import terminal in Taichung, Taiwan. The tanks, which will be the largest ever built in Taiwan, will bring the terminal’s total capacity to 10 MTPA, which provides approximately enough energy to power a city of 1.7 million people for an entire day.
The added capacity will not only help Taiwan achieve its 2025 goal of advancing the country to its net zero by 2050 target—but also enhance the stability of gas supplies in Taiwan, strengthening the country’s continued economic development and improving its energy security.
In addition to helping Taiwan reach its energy mix goals by 2025, the added capacity will also enhance the stability of the country’s gas supplies, strengthen economic development efforts, and improve energy security.
Bechtel and MRY will execute the full engineering, procurement, and construction scope of the project, which broke ground on Friday, July 15, 2022. The terminal and storage facility is owned and operated by state-owned oil and gas company CPC Corporation, and it was commissioned in July 2009 with an initial capacity of 3 MTPA.
