The SPA was signed by CEO of Qatar Petroleum Saad Sherida Al-Kaabi, and the President of CPC Shun-Chin Lee.
LNG deliveries will commence in January 2022 and will be delivered to CPC’s receiving LNG terminals.
Australia and the United States are Taiwan's other main sources of LNG.
Australia and the United States are Taiwan's other main sources of LNG.
Saad Sherida Al-Kaabi said:
- We are pleased to enter into this long term LNG SPA, which is another milestone in our relationship with CPC, which dates back to almost 3 decades
- As Taiwan moves away from coal and nuclear, and toward renewable energy and LNG, we are in need of more long-term assured supplies
By 2025, LNG is expected to provide 50% of the the country’s electricity, up from about 40% last year.
Qatar is in full steam ahead with its expansion plans in the energy sector.
The country has embarked on an ambitious LNG capacity expansion plan.
The 2-phase North Field Expansion project will see Qatar LNG capacity to increase from 77 million tonnes per annum (mtpa) to 126 mtpa by 2027, showing an increase of around 64%.
The country has embarked on an ambitious LNG capacity expansion plan.
The 2-phase North Field Expansion project will see Qatar LNG capacity to increase from 77 million tonnes per annum (mtpa) to 126 mtpa by 2027, showing an increase of around 64%.
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