Taiwan’s LNG imports rise in Feb YoY

Taiwan, the world’s fifth largest liquefied natural gas (LNG) buyer, increased its imports of the chilled fuel by 26 percent in February.

Taiwan imported 1.28 million mt of LNG in February, as compared to 1.01 million mt in the same month in the same month last year, according to the data released by the Directorate General of Customs.

The country paid about $549 million for LNG imports in February, 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 376,010 mt, followed by Papua New Guinea that supplied 178,984 mt of the chilled fuel to Taiwan in February.

The rest of the LNG imports came from Malaysia, Indonesia, Oman, Australia, Russia, Brunei, Trinidad and Tobago and the U.S., according to the customs data.

Taiwan’s LNG imports rose 2.7 percent to 14.97 million mt in 2016.

With less reliance on nuclear power and dwindling domestic natural gas resources, Taiwan is expected to increase 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.

State-owned CPC is also planning to build a third LNG import terminal to serve the northern region near Taipei.

 

LNG World News Staff

Share this article

Follow LNG World News

Events>

<< Oct 2019 >>
MTWTFSS
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

CWC World LNG Summit & Awards Evening

The CWC World LNG Summit & Awards Evening will be returning to Rome in 2019 to celebrate it’s 20th year.

read more >

LNG Bunkering Mediterrean

The only 3-day course offering theoretical and practical training on LNG bunkering designed by the Mediterranean market leaders.   

read more >

6th Mozambique Gas Summit & Exhibit

This year’s edition will have a revamped programme for attendees.

read more >

FLNG World Congress 2019

2019 FLNG World Congress will bring together stakeholders across the floating liquefaction value…

read more >