Latest news with #Yongan
Yahoo
30-07-2025
- Business
- Yahoo
Boskalis-Allseas consortium wins €1.2bn contract for new gas pipeline in Taiwan
The Boskalis and Allseas consortium has secured a significant contract from CPC Corporation Taiwan for the construction of a new offshore natural gas pipeline from Yongan to Tongxiao, marking a major step in Taiwan's energy transition. The €1.2bn (T$41.19bn) project aims to bolster gas supply capacity in northern Taiwan. The consortium's assignment includes the design, construction, installation and pre-commissioning of the pipeline, referred to as YT2, which spans approximately 232km. The pipeline will run parallel to the existing YT1, linking the Yongan liquefied natural gas (LNG) terminal to the Tongxiao transfer station. The scope of work encompasses trenching, installation with 34 crossings, backfilling and two landfalls. Boskalis will handle the landfalls, microtunnelling, trenching, backfilling and installation of rocks for the pipeline crossings. Boskalis will utilise two sizeable hopper dredgers, a substantial backhoe dredger and a vessel designed for subsea rock placement for these operations. Allseas is set to undertake the pipeline installation and pre-commissioning, which includes the pre-lay installation of concrete mattresses. The collaboration with CPC Corporation Taiwan is expected to enhance the reliability and security of the region's natural gas supply. The project's execution phase is due to begin in 2026, with completion scheduled for 2028. In a separate development, CPC Corporation Taiwan entered an agreement with Woodside in July 2024 to provide LNG through a sale and purchase agreement. Commencing in July 2024, Woodside began supplying around six million tonnes (mt) of LNG to Taiwan on a delivery basis. The contract also includes an option to extend the arrangement for another decade, from 2034 to 2043, with around 8.4mt of LNG potentially being supplied, contingent upon certain conditions and the finalisation of terms for that time frame. "Boskalis-Allseas consortium wins €1.2bn contract for new gas pipeline in Taiwan" was originally created and published by Offshore Technology, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site.
Yahoo
30-07-2025
- Business
- Yahoo
Boskalis-Allseas consortium secures $1.4bn pipeline contract in Taiwan
A joint venture (JV) between Boskalis and Allseas has secured a contract worth roughly €1.2bn ($1.39bn) from Taiwan's CPC for the development of a new offshore gas pipeline, intended to enhance energy infrastructure in the country. The project involves constructing the second undersea gas pipeline from Yongan to Tongxiao (YT2), which is set to increase gas supply capacity in the northern region. The Boskalis-Allseas JV will manage the design, construction, installation, and pre-commissioning of the offshore natural gas pipeline, almost 232km long. This new pipeline will run parallel to the existing YT1 pipeline, linking the Yongan liquified natural gas (LNG) terminal located in the south-west to the Tongxiao transfer station in the north-west. The project encompasses trenching, installing 34 crossings over current and planned infrastructure, backfilling, and two landfalls. Allseas and Boskalis will divide responsibilities within the consortium. Boskalis will handle landfalls and microtunnelling, nearshore and offshore trenching, backfilling, and rock installation for the pipeline crossings. The company plans to use two large hopper dredgers, a large backhoe dredger, and a subsea rock installation vessel for these tasks. Meanwhile, Allseas will focus on pipeline installation and pre-commissioning, deploying two advanced pipelay vessels for the operation. Boskalis and Allseas stated: 'This project demonstrates Allseas' and Boskalis' commitment to supporting the development of critical energy infrastructure and reinforces their leading position in the offshore sector. 'By delivering this project in close cooperation with CPC Corporation Taiwan, the consortium will play a key role in enhancing the reliability and security of natural gas supply for the region.' Scheduled to start in 2026, the project is expected to be completed by 2028. CPC's natural gas infrastructure initiative involves an extensive network on Taiwan's western side, including a planned figure-of-eight configuration for enhanced transmission capabilities. This network will incorporate the new YT2 pipeline alongside future developments such as a terrestrial pipeline from Yongan to Taoyuan and linkages from the Taichung LNG plant to the Datan power station. "Boskalis-Allseas consortium secures $1.4bn pipeline contract in Taiwan" was originally created and published by World Construction Network, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site.
Yahoo
29-07-2025
- Business
- Yahoo
Boskalis - Allseas consortium awarded large offshore natural gas pipeline project in Taiwan
Queen of the Netherlands Papendrecht, 29 July 2025 Boskalis and Allseas are pleased to announce that their 50/50 consortium has been awarded a large contract by CPC Corporation Taiwan for the second offshore gas pipeline from Yongan to Tongxiao (YT2). The total contract value is approximately EUR 1.2 billion. This landmark energy project is intended to support the acceleration of energy transition in Taiwan and improve the gas supply capacity in northern Taiwan. Under the contract, the consortium will design, construct, install and pre-commission the new YT2 36-inch offshore natural gas pipeline, which will run approximately 232 kilometers parallel to the existing YT1 pipeline, connecting the Yongan LNG terminal in the Southwest with the Tongxiao transfer station in the Northwest. The comprehensive scope of work includes trenching, pipeline installation with 34 crossings over existing and future infrastructure and assets, backfilling and two landfalls. Within the consortium, Boskalis will be responsible for the landfalls and associated microtunnelling activities, as well as nearshore and offshore trenching, backfilling, and the installation of rocks for the 34 pipeline crossings. For these activities, Boskalis will deploy two large hopper dredgers, a large backhoe dredger, and a subsea rock installation vessel. Allseas will carry out the pipeline installation and pre-commissioning, including the pre-lay installation of concrete mattresses. For these activities, Allseas will deploy two of the most advanced pipelay vessels in the industry. This project demonstrates Boskalis' and Allseas' commitment to supporting the development of critical energy infrastructure and reinforces their leading position in the offshore sector. By delivering this project in close cooperation with CPC Corporation Taiwan, the consortium will play a key role in enhancing the reliability and security of natural gas supply for the region. Project execution is scheduled to commence in 2026, with completion anticipated in 2028. FOR FURTHER INFORMATION Martijn L.D. Schuttevâer press@ T +31 786969310 This press release can also be found on our website Attachments Press release Boskalis Award CPC YT2 290725 Queen of the NetherlandsError in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
29-07-2025
- Business
- Yahoo
Boskalis - Allseas consortium awarded large offshore natural gas pipeline project in Taiwan
Queen of the Netherlands Papendrecht, 29 July 2025 Boskalis and Allseas are pleased to announce that their 50/50 consortium has been awarded a large contract by CPC Corporation Taiwan for the second offshore gas pipeline from Yongan to Tongxiao (YT2). The total contract value is approximately EUR 1.2 billion. This landmark energy project is intended to support the acceleration of energy transition in Taiwan and improve the gas supply capacity in northern Taiwan. Under the contract, the consortium will design, construct, install and pre-commission the new YT2 36-inch offshore natural gas pipeline, which will run approximately 232 kilometers parallel to the existing YT1 pipeline, connecting the Yongan LNG terminal in the Southwest with the Tongxiao transfer station in the Northwest. The comprehensive scope of work includes trenching, pipeline installation with 34 crossings over existing and future infrastructure and assets, backfilling and two landfalls. Within the consortium, Boskalis will be responsible for the landfalls and associated microtunnelling activities, as well as nearshore and offshore trenching, backfilling, and the installation of rocks for the 34 pipeline crossings. For these activities, Boskalis will deploy two large hopper dredgers, a large backhoe dredger, and a subsea rock installation vessel. Allseas will carry out the pipeline installation and pre-commissioning, including the pre-lay installation of concrete mattresses. For these activities, Allseas will deploy two of the most advanced pipelay vessels in the industry. This project demonstrates Boskalis' and Allseas' commitment to supporting the development of critical energy infrastructure and reinforces their leading position in the offshore sector. By delivering this project in close cooperation with CPC Corporation Taiwan, the consortium will play a key role in enhancing the reliability and security of natural gas supply for the region. Project execution is scheduled to commence in 2026, with completion anticipated in 2028. FOR FURTHER INFORMATION Martijn L.D. Schuttevâer press@ T +31 786969310 This press release can also be found on our website Attachments Press release Boskalis Award CPC YT2 290725 Queen of the NetherlandsError in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
