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CTCI contracted to build LNG plants in China and India.

Taipei, July 16, 2009 (CENS) -- After building a LNG (liquefied natural gas) plant for CPC Corporation, Taiwan, CTCI Corporation, Taiwan's leading provider of engineering services, recently announced being contracted to build two LNG plants, one each in China and India with each project costing US$320 million.

Yu Chun-yen, chairman of CTCI, said the orders from China and India show Taiwan can export engineering services and LNG-plant construction technologies, which will also help expand business opportunities for domestic manufacturers of steel pipes and accessories.

CTCI said it will build the Kochi LNG plant for Petronet LNG Co., India's leading supplier of LNG, including a receiving station but excluding piers and storage tanks.

The contract between CTCI and Petronet requires the whole project to be competed in May 2012.

In China, CTCI will build a LNG plant in Yongshan port of Shanghai, including a pier, three storage tanks and a receiving station. Already under construction, the LNG plant will come online sometime in October this year.

In the past, CPC had to rely on NKK Co. and MHI Co. of Japan to construct LNG receiving station in Yungan of Kaohsiung County. With the orders from China and India, CTCI proves it is the first in Taiwan capable of building LNG plants.

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Title Annotation:CTCI Corporation plans on constructing liquefied natural gas plants
Publication:The Taiwan Economic News
Article Type:Brief article
Date:Jul 16, 2009
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