Taiwan, Qatar sign 1.5 million ton LNG supply deal

Taiwan's CPC Corp. has signed a contract to purchase 1.5 million tons of liquefied natural gas (LNG) per year from Qatar’s Rasgas, the world's largest supplier, with deliveries set to start in 2013, CPC said Tuesday.

In 2005, the CPC signed a 25-year contract with Ras Laffan Liquefied Natural Gas Company for 3 million tons of LNG per year. 

The CPC estimated that its LNG imports are expected to reach 12 million tons this year.

The company’s its LNG receiving terminal at Taichung Harbor in central Taiwan is scheduled to be completed before the end of 2018. This will increase the operational volume of the terminal from the existing 3 million tons a year to 5 million tons.