was the first in a new program designed to render fuel imports carbon-neutral by buying carbon credits on the global market. The initial purchase from Shell Eastern Trading was for credits certified by the UN's REDD+ program which supports forests in developing countries. In 2020 CPC saw the first shipment of crude from the Chadian Oryx field, CPC had first begun exploration in Chad in 2006. Facilities In 2019 CPC announced the construction of a third LNG terminal, a facility in Taoyuan expected to be completed by 2023 with an initial capacity of 1 million tonnes per year (tpy). In 2019 CPC received approval from the Environmental Protection Administration to construct a LNG terminal in Taichung. Suppliers CPC Corporation was a historic buyer of Iranian oil and received a sanctions waiver from the United States when they imposed sanctions on Iranian oil imports. Despite receiving a sanctions waiver CPC Corporation chose to end its use of Iran as a source country. In 2018 CPC signed an agreement with American Cheniere Energy to purchase liquefied natural gas for 25 years. Deliveries are set to begin in 2021. Chairpersons Chen Chin-te (12 September 2016 - 18 August 2017) Yang Wei-fuu (30 August 2017 -) (acting) See also CPC Corporation F.C. List of companies of Taiwan Economy of Taiwan Energy in Taiwan Ministry of Economic Affairs (Taiwan) Taiwan Power Company Taiwan Water Corporation References External links CPC homepage Chinese companies established in 1946 Energy companies established in 1946 Oil and gas companies of Taiwan Chemical companies established in 1946 Non-renewable resource companies established in 1946 Government-owned companies of Taiwan Companies based in Kaohsiung National oil and gas companies