State-owned CPC announced the approval for the intercontinental LNG terminal, or the seventh terminal, in a statement issued last week.
CPC said the facility is expected to have a capacity of 6 million tonnes per annum, which could be completed in 2031.
It would help Kaohsiung transition from coal power, while Taipower’s Talin power plant would be one of the terminal’s main customers.
In addition, the facility would also supply gas to power industries, homes, and other users, CPC said.
Taiwan currently imports LNG via two terminals operated by CPC.
CPC operates the Yung-An LNG terminal with a capacity of 10.5 mtpa and the Taichung LNG import terminal with a capacity of 6 mtpa.
The firm is also expanding its Taichung LNG terminal
In addition, CPC is also working on the Guantang LNG terminal and the Zhouji LNG terminal.
Taiwan increased its imports of LNG in January-November this year, according to customs data.
Data from the Directorate General of Customs shows that the country received 19.72 million tonnes of LNG during the period.
This is up by 8.1 percent year-on-year compared to 18.24 million mt in January-November last year.
The data shows that most of these LNG supplies came from Australia (7.32 million mt), Qatar (5.19 million mt), and the US (2.13 million mt).
Taiwan paid $10.84 billion for LNG imports in January-November this year, down from $11.35 billion during the same period last year, the data shows.
