German energy giant E.ON plans to work with Iran on gas projects, despite opposition from Europe and the US to Tehran's nuclear activities which may lead to a showdown at the UN Security Council, the German financial newspaper Handelsblatt reported today.
"We cannot deny that Iran has the second largest gas reserves in the world," E.ON boss Wulf Bernotat told the paper, according to an advance copy of an interview to be published today.
E.ON has been looking into cooperating in the Nabucco gas pipeline project which is still at the negotiation stage.
The pipeline would deliver gas to Europe from Iran via Turkey.
International tensions have risen over Iran's plans to resume sensitive nuclear work this week.
The Western powers are worried that Iran's uranium enrichment activities may be used to develop nuclear weapons, although Tehran insists that its program is for peaceful purposes to generate nuclear energy.
EU, US, Chinese and Russian officials are due to hold unprecedented talks on the crisis in London today.
The subsidiary of Taiwan Semiconductor Manufacturing Co (TSMC, 台積電) in Kumamoto, Japan, turned a profit in the first quarter of this year, marking the first time the first fab of the unit has become profitable since mass production started at the end of 2024. According to the contract chipmaker’s financial statement released on Friday, Japan Advanced Semiconductor Manufacturing Inc (JASM), a joint venture running the fab in Kumamoto, posted NT$951 million (US$30.19 million) in profit in the January-to-March period, compared with a loss of NT$1.39 billion in the previous quarter, and a loss of NT$3.25 billion in the first quarter of
DRONE CENTRAL: Taiwan aims to become Asia’s democratic hub for drones, with most exports focused on high-quality military-grade models, an official said Taiwan’s drone industry is expected to expand significantly by 2030, producing 100,000 units per month and exporting half of them, the Ministry of Economic Affairs said yesterday. Current drone production capacity is about 15,000 units per month, but the industry can quickly scale up as demand increases, Industrial Development Administration Director-General Chiou Chyou-huey (邱求慧) told a news conference in Taipei. Taiwan’s drone output grew 2.5-fold last year to NT$12.9 billion (US$408.3 million) under a government program to develop the uncrewed vehicle sector, he said. The Executive Yuan in October last year approved plans to invest NT$44.2 billion into domestic production of uncrewed aerial
RESOLUTE BACKING: Two Republican senators are planning to introduce legislation that would impose immediate sanctions on China if it attempts to invade Taiwan US House of Representatives Speaker Mike Johnson on Sunday reaffirmed US congressional support for Taiwan, saying the US and “all freedom-loving people” have a stake in preventing China from seizing Taiwan by force. Johnson made the remarks in an interview with Fox News Sunday on US President Donald Trump’s summit with Chinese President Xi Jinping (習近平) last week. In an interview that aired on Friday on Fox News, just as Trump wrapped up a high-stakes visit to China, he said he has yet to green-light a new US$14 billion arms package to Taiwan and that it “depends on China.” “It’s a very good
US President Donald Trump yesterday said he would speak to President William Lai (賴清德) as his administration considers whether to move ahead with a US$14 billion weapons sale to Taiwan — a potential arms deal that has drawn criticism from China. “Well, I’ll speak to him. I speak to everybody,” Trump told reporters yesterday when asked if he had any plans to call his counterpart, although he did not offer a time frame for when such a conversation could take place. Trump previously said he would speak to the person “that’s running Taiwan,” without specifying who he meant. “We have that situation very
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