Taiwan tanker to ship RI LNG

Taiwan tanker to ship RI LNG

TAIPEI (Dow Jones): The first liquefied natural gas tanker partly owned by Taiwan's state-owned Chinese Petroleum Corp will begin operations in early 2000, an official with Chinese Petroleum's press coordination department said Tuesday.

The tanker will transport LNG to Taiwan from Indonesia, which provides the island with 60 percent of its LNG.

The tanker will test sail in November and be handed over by the end of 1999 to Faraway Maritime Shipping Co, which is 40 percent owned by Chinese Petroleum.