Taiwan’s CPC Corp to get first Prelude FLNG cargo in October

Taiwan’s state-owned CPC Corporation said that it is expected to receive the first liquefied natural gas cargo from Shell’s Prelude FLNG facility off Australia in October.

The unit located 475 km North East of Broome in Western Australia shipped its first cargo earlier this week, onboard the 174,400-cbm Valencia Knutsen that set course for Asia.

The Prelude FLNG facility is operated by Shell in joint venture with Inpex (17.5 percent), Kogas (10 percent) and OPIC (5 percent).

CPC will grab cargoes under the 5 percent equity stake in the project it has secured through its unit Overseas Petroleum and Investment Corp. (OPIC), the company said in a statement.

At full production, CPC is expected to receive some 180,000 metric tons of LNG per year, with an additional 20,000 mt of LPG and 65,000 mt of condensate annually.

The FLNG facility is expected to stay moored at the Prelude gas field offshore Western Australia for 25 years. It is designed to produce 3.6 mtpa of LNG, 1.3 mtpa of condensate and 0.4 mtpa of LPG for export.