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LNG supplies are expected to be adequate for this month, and actions have been implemented to mitigate the risk of the Middle East conflict carrying over into the following month. The minister informed lawmakers that there will not be any power rationing because of the LNG shortage. He is sure that a brief or small-scale conflict will not influence tariffs. He additionally proposes that Taiwan might engage in mutual assistance discussions with other purchasers of Middle Eastern gas, such as Japan and South Korea.
Simultaneously, the newspaper indicates that as much as 25% of Taiwan's natural gas is sourced from Qatar. Customs information reveals that in the previous year, Taiwan's crude oil imports mainly came from three nations: Saudi Arabia (28.9%), the United States (28.3%), and Kuwait (13.6%).
The island's Ministry of Economy announced a rise in LNG imports from the United States. CPC, Taiwan's biggest oil and gas company, entered into a 25-year purchasing agreement with the U.S. firm Cheniere Energy.
source: reuters.com
Simultaneously, the newspaper indicates that as much as 25% of Taiwan's natural gas is sourced from Qatar. Customs information reveals that in the previous year, Taiwan's crude oil imports mainly came from three nations: Saudi Arabia (28.9%), the United States (28.3%), and Kuwait (13.6%).
The island's Ministry of Economy announced a rise in LNG imports from the United States. CPC, Taiwan's biggest oil and gas company, entered into a 25-year purchasing agreement with the U.S. firm Cheniere Energy.
source: reuters.com
