IPC Awarded the EPC Contract for LNG Storage Tanks at Kaohsiung Intercontinental Terminal
IHI Group company, IHI Plant Services Corporation (IPC) has been jointly awarded as a consortium with CTCI Corporation (CTCI), Taiwan’s leading engineering, procurement, and construction (EPC) services provider, from CPC Corporation (CPC), Taiwan’s state-owned petroleum company, the contract for engineering, procurement, and construction (EPC) of four above-ground, double-domed liquefied natural gas (LNG) cryogenic tanks, with a storage capacity of 180,000 kiloliters each at CPC Kaohsiung Intercontinental LNG Terminal. This project is scheduled to be completed by late 2030.
The LNG storage tanks are a key part of CPC’s investment in setting up a storage and transport terminal for its petrochemical and refinery products at Taiwan’s southern shore. They are also a response to the forecast demand surge for natural gas which aims to take up 50% in the energy mix for electricity generation, as the nation seeks to diversify its generation sources and take steps to reach net zero emissions. These tanks will enhance CPC’s LNG storage capacity, ensure stable gas supply in the southern region, and be ready to redistribute gas across the island through land and sea networks when in need.
Using its expertise and technologies in the LNG tank and terminal field, we will continue to promote sustainable energy transition and contribute to the realization of a low carbon society.