Register with us today

and in less than 60 seconds continue your access to:Latest news headlinesAnalytical topics and featuresCommodities videos, podcast & blogsSample market prices & dataSpecial reportsSubscriber notes & daily commodity email alerts

Already have an account?

Log in to register

Forgot Password

Please Note: Platts Market Center subscribers can only reset passwords via the Platts Market Center

Enter your Email ID below and we will send you an email with your password.

  • Email Address* Please enter email address.

If you are a premium subscriber, we are unable to send you your password for security reasons. Please contact the Client Services team.

If you are a Platts Market Center subscriber, to reset your password go to the Platts Market Center to reset your password.

In this list
Natural Gas

Taiwan's CPC to lift its first LNG cargo from Prelude FLNG in end-Oct

Oil | Crude Oil | Gasoline | Coronavirus

China under pressure to export more refined products after Q2 oil shopping spree

LNG | Natural Gas | NGL

Platts LNG Alert

Capital Markets | Commodities | Electric Power | Natural Gas

Mexican Energy Conference, 24th

LNG | Natural Gas

Cheniere advances construction of remaining US LNG trains as fees help results

Taiwan's CPC to lift its first LNG cargo from Prelude FLNG in end-Oct

Singapore — Taiwan's CPC Corp. said it will lift its first LNG cargo from the Shell-operated Prelude FLNG facility offshore Australia in end-October, according to a statement posted on the company's official website Wednesday.

Not registered?

Receive daily email alerts, subscriber notes & personalize your experience.

Register Now

CPC's cargo will be under its 5% equity stake in the project, through its subsidiary Overseas Petroleum and Investment Corp., or OPIC. Shell is the majority stakeholder in Prelude with a 67.5% stake, Japanese explorer Inpex has a 17.5% stake and South Korea's Kogas has 10%.

Shell on Tuesday said it has shipped the maiden LNG cargo from the Prelude FLNG facility on the vessel Valencia Knutsen to customers in Asia.

Based on its share, CPC is estimated to get 180,000 mt/year of LNG, 20,000 mt/year of LPG and 65,000 mt/year of condensate from the Prelude project, which will effectively increase the company's oil and gas production by about 1%, the statement said.

The Prelude project started operations in December 2018, and delivered the first condensate cargo in March 2019. It has a production capacity of 3.6 million mt/year of LNG, 1.3 million mt/year of condensate and 0.4 million mt/year of LPG.

-- Analysis by Cindy Liang,

-- Edited by Shashwat Pradhan,