Taiwan starts receiving LNG from Cheniere, to get 30 shipments annually

Under the agreement, signed shortly before Taiwan President Tsai Ing-wen visited the United States in August 2018, the island will receive approximately 30 shipments a year until 2045

January 10, 2021 Stu Turley Exports, International News, LNG
Taiwan starts receiving LNG from Cheniere- to get 30 shipments annually -Energy News Beat

TAIPEI, Jan 10 (Reuters) – Taiwan’s state-owned CPC Corp began on Sunday receiving liquefied natural gas (LNG) cargoes from Cheniere Energy Inc under a 25 year deal signed with the U.S. company in 2018, and will get around 30 shipments annually.

CPC said the vessel carrying the LNG, from Cheniere’s Corpus Christi, Texas, LNG facility, had arrived at the LNG terminal in Taichung.

Under the agreement, signed shortly before Taiwan President Tsai Ing-wen visited the United States in August 2018, the island will receive approximately 30 shipments a year until 2045, the company added.

Taiwan’s government has viewed the deal as an important part of Taiwan’s efforts to reduce its yawning trade surplus with the United States, which has become a source of tension with Washington, Taiwanese officials have previously told Reuters.

The United States has become a major LNG exporter, mostly due to the ramp up of Cheniere’s Sabine Pass terminal in Louisiana.

Taiwan has been trying to diversify its energy mix, and CPC said increasing imports of LNG would help with that goal. (Reporting by Ben Blanchard; Editing by Lincoln Feast.)

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Stuart Turley is President and CEO of Sandstone Group, a top energy data, and finance consultancy working with companies all throughout the energy value chain. Sandstone helps both small and large-cap energy companies to develop customized applications and manage data workflows/integration throughout the entire business. With experience implementing enterprise networks, supercomputers, and cellular tower solutions, Sandstone has become a trusted source and advisor.   He is also the Executive Publisher of www.energynewsbeat.com, the best source for 24/7 energy news coverage, and is the Co-Host of the energy news video and Podcast Energy News Beat. Energy should be used to elevate humanity out of poverty. Let's use all forms of energy with the least impact on the environment while being sustainable without printing money. Stu is also a co-host on the 3 Podcasters Walk into A Bar podcast with David Blackmon, and Rey Trevino. Stuart is guided by over 30 years of business management experience, having successfully built and help sell multiple small and medium businesses while consulting for numerous Fortune 500 companies. He holds a B.A in Business Administration from Oklahoma State and an MBA from Oklahoma City University.

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