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    Taiwan's CPC to Receive First Prelude Cargo in October

Summary

CPC has a 5% stake in the project.

by: Shardul Sharma

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Taiwan's CPC to Receive First Prelude Cargo in October

Taiwanese state-owned CPC will lift the first Prelude LNG cargo in October this year, it said June 11.

The Shell-operated Prelude FLNG facility, 475 km northeast of Broome in Western Australia, shipped its first LNG cargo June 11.

Prelude is expected to produce 3.6mn mt/yr of LNG; 1.3mn mt/yr of condensate and 0.4mn mt/yr of LPG. Shell is the operator of the project with 67.5% interest; Japan’s Inpex has 17.5% interest; Taiwan’s CPC 5% and Kogas 10%.

Given its 5% stake in the project, CPC said it will receive 180,000 mt/yr of LNG, 20,000 mt/yr of LPG and 65,000 mt/yr of condensate.