Taiwan orders oil tanker

Taiwan orders oil tanker

TAIPEI (DPA): Taiwan's China Petroleum Corp (CPC) and a
Singapore company ordered an oil tanker from Japan's Mitsubishi
Shipbuilding Corp Saturday to ship Indonesian liquefied natural
gas (LNG) to Taiwan.

The ship, carrying 135,000-square-metres of LNG, will be
delivered in December 1999, CPC said.

The sate-run CPC and Singapore's Osprey each covers 40 percent
of the cost. Cotaas Larsen, a subsidiary of Osprey, will put up
20 percent.

CPC began importing LNG from Indonesia's state oil firm
Pertamina in 1990, 1.5 million tons each year.

In 1995, CPC signed the second contract to increase its annual
LNG import to 3.34 million tons a year. The increase will begin
in 1998 and reach 3.34 million tons a year by the year 2000.
CPC also imports LNG from Malaysia. The quota for 1997 is 3.32
million tons.