CTCI, Taiwan's leading EPC firm, has been awarded a significant NT$29.6 billion contract by CPC Corporation to construct a regasification facility at the Kaohsiung Intercontinental LNG Receiving Terminal.
Taiwan's leading engineering, procurement, and construction (EPC) powerhouse, CTCI, announced today that it has secured another major contract with the state-owned oil company, CPC Corporation. The new NT$29.6 billion agreement focuses on the construction of a regasification facility at the Kaohsiung Intercontinental LNG Receiving Terminal, also known as the 7th LNG receiving terminal, located in southern Taiwan. This latest win follows CTCI's previous success in securing the EPC contract for the terminal's LNG storage tanks last year, cementing its central role in this critical national energy project.
The regasification facility is a pivotal component of the new terminal's infrastructure. Its primary function is to convert the super-cooled liquid natural gas (LNG), which is stored at a cryogenic temperature of -162°C, back into its gaseous state. Upon completion, the facility is designed to process 1,600 tons of natural gas per hour, which will then be distributed for use across the island. The project is currently slated for completion by 2030 and represents a significant investment in bolstering Taiwan's energy resilience and ensuring national stability.
In a statement, CTCI Corporation Chairman Michael Yang highlighted the importance of the partnership. "We appreciate that CPC Corporation has further entrusted CTCI with the Kaohsiung Intercontinental LNG Receiving Terminal project," Yang said. "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. We look forward to working with CPC Corp. to achieve the national energy security goal."
In Taiwan, natural gas is projected to become the primary source for power generation as the nation moves to reduce carbon emissions from its electricity sector. Globally, the demand for LNG is expected to surge by an impressive 60% by 2040, making the timely completion of such infrastructure a strategic imperative.
The new facility will incorporate sustainable and innovative features to enhance efficiency and reduce environmental impact. One key aspect is the use of seawater for heating the cryogenic LNG. This process is highly efficient and utilizes a readily available resource. Furthermore, the cold energy released during the regasification process will be captured and repurposed to power the facility's air conditioning system, demonstrating a circular and energy-efficient approach to operations.
On the construction side, CTCI will deploy its proprietary, award-winning technologies to ensure a seamless and safe build. These include a specialized pipeline cleaning robot and a pipeline flange bolt fastening module system, which are designed to tackle complex and high-risk challenges. The use of these advanced tools will help enhance construction efficiency, quality, and overall safety standards.
