(P&GJ) — Taiwan’s CTCI has secured a NT$29.6 billion ($910 million) engineering, procurement, and construction (EPC) contract to build a regasification facility at the Kaohsiung Intercontinental LNG Receiving Terminal, the country’s seventh LNG terminal.
The project, awarded by state-owned CPC Corp., follows CTCI’s earlier contract to construct LNG storage tanks at the same terminal. The regasification facility will convert LNG from four 180,000-kiloliter cryogenic tanks into natural gas at an output of 1,600 tons per hour. Completion is slated for 2030.
CTCI Chairman Michael Yang said, “We appreciate that CPC Corporation has further entrusted CTCI with the Kaohsiung Intercontinental LNG Receiving Terminal project. For the regasification facility, CTCI will leverage green and intelligent technologies to save energy, cut carbon emissions, and make construction more time-efficient.”
The facility will use seawater to heat cryogenic LNG and recover cold energy from the process for air conditioning. CTCI will also deploy its proprietary pipeline cleaning robot and flange bolt fastening system to improve construction safety and efficiency.
The Kaohsiung project supports Taiwan’s push to expand natural gas use as it shifts from coal-fired power. Natural gas is expected to become the nation’s main source of electricity, while global LNG demand is projected to rise 60% by 2040.
CTCI has built all of Taiwan’s operating LNG receiving terminals and has participated in 11 LNG terminal projects across Asia, contributing to 40 million tonnes of LNG capacity annually.