1 of 1
Story summary
- Taiwan is diversifying its oil and gas imports to address rising prices linked to the Middle East conflict.
- Taipower Chair Tseng Wen-sheng reported that the government is securing long-term contracts and maintaining reserves.
- Imports from the Middle East decreased to 35%, while US shipments rose to over 60%.
- By 2029, US liquefied natural gas (LNG) imports are projected to increase from 10% to 25%.
- The Ministry of Economic Affairs is reviewing electricity rates due to rising energy costs, which may affect inflation.
