CPC Corp Raises NT$233.8 Billion for US? Truth Revealed: All Invested in Domestic 'Overworked' Natural Gas Construction!

The NT$233.8 billion capital increase for CPC Corp is primarily for 'major domestic natural gas construction projects' to align with the nation's energy transition and alleviate pressure on existing overworked facilities. It is unrelated to the 'Alaska LNG project' in the United States. I. Core Investment: Nationwide Natural Gas Infrastructure CPC Corp's completed and ongoing investments total NT$341.8 billion: • LNG Terminal Projects: Including the under-construction Taoyuan 3rd Terminal (NT$96.6 billion, completion 2029), Kaohsiung 7th Terminal (NT$94.9 billion, completion 2031), Taichung 3rd Phase (NT$34.4 billion, completion by year-end), and Yong'an Plant expansion (NT$28.9 billion). • Gas Pipeline Projects: Including the under-construction second submarine pipeline from Yong'an to Tongxiao (NT$62.9 billion). • Completed and EIA-pending Projects: Taichung 2nd Phase (NT$16.8 billion) and the Taichung-Tongxiao land pipeline are completed; Kwang-Tsing 2nd Phase, Taichung 4th Phase, etc., are still undergoing environmental impact assessments. II. Financial Straits: Interest Snowballing CPC Corp has faced seven consecutive years of losses, with large-scale construction relying entirely on debt. Substantial interest expenses are projected to skyrocket from NT$4.4 billion in 2022 to NT$12.5 billion by the end of this year. The annual interest burden exceeding NT$10 billion is severe, necessitating government capital injection and subsidies to improve financial health. III. Alaska Project is 'Future Tense' The Ministry of Economic Affairs clarified that the US$4.4 billion investment in Alaska will be phased in, with gas supply expected to begin no earlier than 2032. Budget allocation for procurement will not be made until 2031 at the earliest, making it entirely separate from the current budget proposal.