CPC Corp (台灣中油), the nation's only liquefied natural gas (LNG) importer, expects to receive its first cargo of the fuel supplied under a multi-year contract with Qatar next month.
Ras Laffan Liquefied Natural Gas Co (II) completed loading on Sunday, Taipei-based CPC said in a statement on its Web site. The two firms have a 25-year contract for as much as 2.72 million tonnes of supplies annually.
CPC is diversifying its sources of LNG, which accounts for more than 95 percent natural gas supply in Taiwan. The oil refiner plans to spend between A$35 billion (US$33 billion) and A$45 billion for between 1.8 million tones and 2.72 million tons annually of LNG over 15 to 20 years from Woodside’s proposed Browse project.
CPC also plans to import LNG from Iran’s Persian LNG and Sakhalin island, it said yesterday.
The Qatari company is a joint venture between Qatar Petroleum and Exxon Mobil Corp.
Persian LNG is a proposed natural gas project in Iran. Its shareholders may include National Iranian Gas Export Co and Shell Gas Holding (ME) BV.
CPC has three contracts with Indonesia and Malaysia to buy 5.1 million tonnes of LNG a year.
Polytronics Technology Corp (聚鼎科技) yesterday announced that it is buying Henkel AG’s thermal clad dielectric material (TCLAD) business division for US$26 million as the Taiwanese firm aims to improve its technology, product portfolio and revenue performance. Polytronics, headquartered in the Hsinchu Science Park (新竹科學園區), is a supplier of protection components and heat dissipation materials. The firm entered the metallic heat-dissipation substrate market in 2007 and developed a unique solventless production process. Its board of directors approved signing an agreement with Henkel to acquire the German chemical firm’s TCLAD division in the US. The purchase includes all assets and business interests, including equipment,
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