This project, slated for completion by 2030, is crucial for enhancing Taiwan's energy stability and resilience.
CTCI, a leading engineering, procurement, and construction (EPC) group in Taiwan, has announced a significant new contract award from the state-owned oil company, CPC Corporation. The deal, valued at NT$29.6 billion (approximately $926 million USD), tasks CTCI with building a new regasification facility at the Kaohsiung Intercontinental LNG Receiving Terminal, also known as the 7th LNG receiving terminal. This project follows a previously secured contract for the LNG storage tanks at the same site, solidifying CTCI's role in the terminal's development. The new facility is set to be operational by 2030.
The regasification facility will play a critical role in converting liquefied natural gas (LNG) from its cryogenic state (at -162°C) into natural gas. The process will handle the output from four massive 180,000 kL cryogenic tanks, with an impressive output capacity of 1,600 tons per hour. This new infrastructure is a cornerstone of Taiwan's strategy to increase its natural gas supply resilience. It arrives at a crucial time, with the demand for LNG and natural gas-fueled electricity surging due to robust economic growth, the increasing power needs of AI infrastructure, and the global push toward decarbonized power generation.
In a press statement, Michael Yang, Chairman of CTCI Corporation, expressed gratitude for the continued trust from CPC Corporation. "The construction of LNG storage tanks at the terminal is currently at full speed. For the regasification facility, CTCI will leverage green and intelligent technologies to save energy, cut carbon emissions, and make construction more time-efficient," Yang stated. The project will incorporate sustainable and innovative features, including using seawater for heating the LNG and recovering the cold energy released during the regasification process to be repurposed for air conditioning within the facility.
CTCI will also deploy its proprietary, award-winning technologies to enhance safety and efficiency during the construction phase. These include a specialized pipeline cleaning robot and a pipeline flange bolt fastening module system designed to tackle complex and high-risk challenges. These innovations highlight the company's commitment to delivering high-quality, safe, and efficient engineering solutions.
The global demand for LNG is projected to increase by 60% by 2040, and Taiwan is positioning natural gas as its primary source for power generation as it works to lower carbon emissions. This national energy transition has spurred the development of new LNG terminals across the island.
