Taipei-Taiwan has not taken a U.S. approach on the issue of diversion of some of its liquefied natural gas (LNG) supply to Europe if Ukraine’s crisis leads to turmoil, the Ministry of Economy said Monday. ..
The Ministry of Economy answers the question of whether Taiwan, a major LNG customer in Asia, was asked by the United States to consider whether Russia could supply Europe if Russia cuts supply as a result of tensions over Ukraine. , Related information and inquiries. “
“Our natural gas imports come from a variety of sources, and (it) continues to adapt our procurement strategies to diversify our import risks,” he added in a statement.
According to the ministry, Taiwan obtains LNG from more than 10 countries, including Australia, Indonesia, Qatar and Russia, on long-term and medium-term contracts and on the spot market as needed.
The island “continues to maintain a diverse and stable source of natural gas.”
Taiwan aims to generate more electricity from LNG in shifts from both coal-fired and nuclear power plants, and is building a large new LNG terminal on the northwest coast.
Last July, state-owned refiner CPC Corp. signed a 15-year LNG supply contract with Qatar Oil.
CPC announced that it will purchase 1.25 million tons of LNG annually from Qatar for domestic consumption from this year.
Taiwan started importing LNG from Qatar in 1997.