Taiwan: Gas-Fueled Power Generation Capacity to Grow by 2030
Shih Yen-shiang, speaking at a ceremony in Taichung Harbor to mark the 100th shipment of LNG delivered to the port, said gas-fueled power generation would reach 15 GW this year, or 35% of total power generation capacity, the news agency said.
“By 2030, the installed natural gas generating capacity will grow to 25,000 megawatts [25 GW],” he added.
Shih said the government has developed plans to build more natural gas storage tanks and transport pipelines on the island as part of its 30-year energy development plan, the report said.
Shih’s ministry has made sourcing, transporting, and storing natural gas top priorities in its energy policy, to support the increased usage of natural gas to reduce carbon emissions and global warming.
Taiwan’s Council of Economic Planning and Development approved a plan in September by state-owned CPC Corp. to add three 160,000-cubic meter LNG storage tanks at its Taichung LNG receiving terminal in central Taiwan.
The additional storage tanks would boost the capacity of the Taichung receiving terminal to 5 million mt/year from the present 3 million mt/year.
The project now has one final hurdle to clear — the environmental impact assessment. The expansion is due to start in July 2012 and slated for completion by end-2018.
CPC owns another 7.44 million mt/year LNG terminal at Yung An, in Kaohsiung city in southern Taiwan.
CPC imports all the LNG Taiwan consumes, with 70% of the cargoes going to state power generators such as Taiwan Power Company. Consumption by seven independent power producers, domestic and industrial users account evenly for the outstanding 30%.
Taiwan imported a total 8.01 million mt of LNG through to August this year, an 8.64% increase from the 7.37 million mt it imported in the first eight months of 2010. Taiwan imported a total 11.14 million mt of LNG in 2010, according to data from Taiwan’s Directorate General of Customs.
By Max Gostelow ( platts )
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Posted on October 10, 2011, in Asia, Asia Pacific, East Asia, Energy, LNG and tagged Asia, Asia Pacific, business, capacity, East Asia, energy, Gas-fueled, Generation, Grow, Liquefied natural gas, LNG, News, Power, Taichung, Taiwan. Bookmark the permalink. Comments Off on Taiwan: Gas-Fueled Power Generation Capacity to Grow by 2030.