Taiwan’s LNG imports climb in March

Taichung LNG terminal (Image courtesy of CPC)

Taiwan increased its imports of liquefied natural gas (LNG) by 29.4 percent in March on a yearly basis.

The world’s fifth largest LNG buyer imported 1.22 million mt of LNG in March, as compared to 943,047 mt in the same month last year, according to the data released by the Directorate General of Customs.

Taiwan paid about $480 million for LNG imports in March, the data shows.

Qatar, the world’s top LNG exporter, remained the dominant supplier of the fuel to Taiwan in the month under review.

LNG imports from Qatar reached 445,551 mt, followed by Indonesia that supplied 183,930 mt of the chilled fuel to Taiwan in March.

The rest of the LNG imports came from Malaysia, Papua New Guinea, Australia and Russia, according to the customs data.

With less reliance on nuclear power and dwindling domestic natural gas resources, Taiwan is expected to boost its LNG imports in the future to drive power sector growth.

The country currently imports the chilled fuel via two regasification terminals, located in the central and southern parts of the island.

 

LNG World News Staff

Share this article

Follow LNG World News

Events>

<< Dec 2019 >>
MTWTFSS
25 26 27 28 29 30 1
2 3 4 5 6 7 8
9 10 11 12 13 14 15
16 17 18 19 20 21 22
23 24 25 26 27 28 29
30 31 1 2 3 4 5

The 6th CWC China LNG & Gas International Exhibition & Summit

Following on from LNG 2019 and five successful editions in Beijing, the established China LNG & Gas International Exhibition & Summit…

read more >

LNG Pricing, Trading & Hedging: 3-Day Training Course – Singapore / Jan 2019

This three-day training program provides a unique opportunity to learn and apply the practical skills, knowledge and tools needed to:…

read more >

American LNG Forum 2020

The American LNG Forum is your gateway to learning about the US LNG export industry,

read more >

2nd Global LNG Forum

Global LNG Forum is an exclusive networking and knowledge-sharing platform for top experts and business leaders in the industry.

read more >