Taiwan Doubles Down On U.S. LNG

LNG Vessel. Source: OilPrice

 

Taiwan, which has seen increased military exercises off its coast by Chinese forces this year, has just inked a major energy deal with a U.S. energy firm.

On Monday, Taiwan’s CPC Corp., a major LNG importer, announced a preliminary deal to buy liquefied natural gas (LNG) from U.S. based LNG producer Cheniere Energy for a period of 25 years. CPC signed a Heads of Agreement to purchase 2 million tonnes of LNG annually from the major gas exporter, which is gearing up to start exports from its second export plant at Corpus Christi, Texas.

“Biblical” hurricane expected to hit US nuclear plant — Experts fear epic catastrophe — Rainfall could be “nearly apocalyptic… borderline unfathomable… unprecedented” — Wind gusts near 150 MPH expected (VIDEOS)

WOAI, Aug 24, 2017 (emphasis added): Hurricane Harvey is setting its sights on the area around Corpus Christi… Located not far from where Harvey is expected to make landfall is the South Texas Nuclear Project nuclear power plant. Spokesman Buddy Eiler says the facility was ‘designed to sustain a storm,’ and there are plans in place to shut down operations if necessary…

STP Nuclear Operating Co., Aug 24, 2017: A Hurricane Warning has been declared for several counties in Southeast Texas, including Matagorda County. Hurricane Harvey is expected to make landfall near Corpus Christi on Friday, possibly as a category 3… At STP, we are tracking this storm closely and are making on-site preparations…