LNG

Taiwan’s state-run CPC Corporation plans to increase US LNG imports to 30-33% of its total supply in 2026, more than triple the 10% recorded last year. The move is part of a bilateral trade agreement, requiring Taipei to reduce the island nation’s $111 billion trade surplus with the United States.

CPC Corp, Taiwan’s state energy company, is seeking to import LNG cargoes for August and September after the country’s last nuclear power plant was shut down over the weekend. LNG procurement will be ramped up through a new regas terminal in the Guantang Industrial Area.

Taiwanese energy company CPC Corp. has signed a preliminary accord with US LNG producer Cheniere Energy for the supply of 2 million tonnes per annum for 25 years.