Minister of Economic Affairs Kung Ming-hsin (龔明鑫) today said that Taiwan's natural gas supply would be sufficient through next month, as the nation has secured almost all the necessary shipments to replenish inventories.
Taiwan's supply for this month and next requires 22 liquefied natural gas (LNG) shipments, Kung told reporters.
Photo: Reuters
Currently, 20 have been secured, with the remaining two still under negotiation and expected to be confirmed soon, he added.
He also dismissed rumors that Taiwan could face a natural gas shortage, saying: "That is impossible."
Taiwan has a diversified natural gas supply, with about one-third coming from Qatar and the remaining 60 to 70 percent sourced from elsewhere, he said, adding that the overall supply structure is sound.
"We have already secured 20 LNG shipments in just a few days," Kung said without providing details where the shipments would come from, and urged the public not to worry.
Regarding residential gas use, some have expressed concern that there might not be enough gas for hot showers.
Kung said that household consumption accounts for less than 5 percent of total gas usage and said this would not be an issue.
Looking ahead to May, Kung said the government would continue monitoring global supply and demand, adding that the situation is expected to improve as global gas demand declines.
Asked about the cost of LNG supplies Taiwan may secure for next month amid disruptions linked to the Middle East conflict, Kung said prices could be higher if shipments are procured on the spot market, but would remain at contract levels if delivery schedules are adjusted in advance.
Rising energy prices and the impact of the conflict are challenges faced by countries around the world, not just by Taiwan, he added.
NATIONAL SECURITY: Authorities are working to confirm the identities of the military personnel involved and investigating possible illegal conduct and regulatory violations Authorities are probing possible national security implications after Kinmen police and immigration officers on Sunday found a Chinese woman allegedly posing as a tourist while engaging in prostitution involving more than 10 military personnel. The woman, surnamed Chen (陳), has since been deported, authorities said, adding that investigators are still working to confirm the identities of those implicated, as the records only listed code names and aliases. The case stemmed from a report received by the Kinmen District Prosecutors’ Office on Friday last week from the Jinhu Precinct of the Kinmen County Police Bureau. On Sunday, police, along with the National Immigration
GLOBALGIVING: ‘ Caving to external pressure is not acceptable for an organization that has cultivated justice reform and human rights for 30 years,’ one NGO said A slew of non-government organizations (NGOs) have withdrawn from the GlobalGiving fundraising platform after it announced it would use “Chinese Taipei” instead of “Taiwan” from next month. The Taiwan Good Rice Association wrote on Facebook on Friday that it was informed on April 28 via a teleconference call of the change, which was made because the platform wanted to operate in China. Taiwan Good Rice is to terminate all cooperative relationships with GlobalGiving in response to the platform’s “unilateral and non-negotiable” decision to remove references to Taiwan, the NGO said. “Taiwan is in the official name of Taiwan Good Rice Association and the
HEAVY WEATHER: Typhoon Jangmi is due to crash straight into the Ryukyus as airlines look to shift flights to larger aircraft or cancel flights to Okinawa entirely Taiwan’s international air carriers announced flight adjustments over the weekend as Typhoon Jangmi is forecast to hit the Ryukyu Islands today and tomorrow. The Central Weather Administration (CWA) upgraded Jangmi from a tropical storm to a typhoon at 8am yesterday, with the eye located 580km south of Naha city. It was moving north at 19kph. Today, China Airlines’ CI-120, CI-121, CI-122 and CI-123 flights between Taoyuan and Naha, Okinawa, have been canceled as well as CI-132 and CI-133 between Kaohsiung and Naha. EVA Air’s BR-112, BR-113, BR-186 and BR-185 flights between Taoyuan and Naha are also canceled. Low-cost carrier Tigerair Taiwan canceled IT-230,
Chinese Nationalist Party (KMT) Chairwoman Cheng Li-wun (鄭麗文) yesterday briefed her party’s Central Standing Committee regarding her scheduled visit to the US between Monday next week and June 16, saying that her purpose would be to persuade the US that the Republic of China (ROC) Constitution was a “one China” constitution that would foster stable and peaceful cross-strait relations. The ROC Constitution is the most important defense for all Taiwanese citizens, as it upholds our democracy and has contributed to our robust economy, which aligns with international and US interests, she said. “We would not be troublemakers and drag the US under,”
RSS