Gas
Taiwan looks to US for expanding liquefied natural gas supplies
Taiwan plans to increase its reliance on American liquefied natural gas to bolster energy resilience and manage growing demand.
Key points
- US liquefied natural gas is projected to exceed 20 percent of Taiwan's imports this year.
- The Ministry of Economic Affairs aims to raise the US share to 25 percent by 2029.
- State-run CPC Corporation is considering a multi-billion dollar investment in an Alaskan project.
Supply diversification
Taiwan expects American liquefied natural gas to represent over 20 percent of its total imports this current year, marking an increase from 10 percent during the previous year, according to the Ministry of Economic Affairs. Minister Kung Ming-hsin stated that the proportion is anticipated to reach 25 percent by 2029.
Authorities are seeking to secure long-term procurement channels to manage price fluctuations and enhance overall energy security as domestic demand increases. The government projects that 25 new large gas-fired power generating units will come online by 2035.
Alaskan project involvement
Discussions regarding a potential agreement with an Alaskan development could expand the American share past 30 percent if supplies commence by 2032. State-owned CPC Corp could invest as much as US$4.4 billion into the venture, securing an annual supply of 6 million tonnes.
Officials noted that shipping routes from Alaska require approximately 10 days, helping to mitigate transport risks. Negotiations will determine the exact financial commitment, equity stake, and contract terms, with funding expected to be allocated in stages based on project milestones.
Original reporting
This article draws on the following reports. Read them in full on the publishers’ sites.
Context from CEII
Gas is the flexible backbone of many grids and the designated transition fuel in many national plans, from LNG trade to domestic LPG and CNG. Supply security and pricing drive both power reliability and emissions.
21.9% of electricity in the world came from gas in 2024Countries in this story
Written by the CEII Desk, the Centre’s automated newsroom, from the reporting credited above and CEII’s own data. Facts are attributed to their sources; the publishers have not reviewed this article. Spotted an error? Tell our editors.
