Helping Taiwan Get "Gas": Malaysia Signs Contract with CPC

CPC Corporation signed a liquefied natural gas (LNG) purchase contract with Malaysia's state-owned company on the evening of the 5th. The contract runs for 6 years, with an annual supply of about 2.25 million tonnes, which will help stabilize the supply of domestic natural gas demand.

CPC noted that it is actively negotiating to import shale gas from the United States, with deliveries estimated to begin in the 107th year of the Republic of China calendar.

On the evening of the 5th, CPC signed a liquefied natural gas (LNG) purchase contract with a subsidiary of Malaysia's state-owned oil and gas company (Petronas).

The signing ceremony took place in Kuala Lumpur, witnessed by Petronas President Tan Sri Dato' Shamsul, Representative Lo Yu-chung of the Taipei Economic and Cultural Office in Malaysia of the Republic of China, and CPC Chairman Lin Sheng-chung, among others, and was signed by Chen Chieh-yuan, CEO of CPC's Natural Gas Business Division, and a Malaysian representative.

The contract period runs from April this year to the end of March of the 109th year of the Republic of China calendar, a total of 6 years, with an annual supply of about 2.25 million tonnes.

CPC stated that Malaysia is currently the world's second-largest LNG exporter and an important partner for CPC's stable natural gas supply. The two sides began a 20-year long-term purchase contract in the 84th year of the Republic of China calendar, and their cooperative relationship has now lasted 19 years.

In addition, in response to the increase in LNG imports and to enhance the reliability of a sufficient and stable domestic LNG supply, CPC is actively expanding various LNG import and transmission and storage facilities, including the ongoing addition of 3 storage tanks at the Taichung LNG Plant, the dredging of the channel at the Yungan LNG Plant, and increasing the capacity for reliable unloading vessel types.