Taiwan Estimates It Has Enough Gas Supply Through September
(Bloomberg) -- Taiwan estimates it has secured enough natural gas through September, the latest effort by the chipmaking hub to boost energy security as the closure of the Strait of Hormuz chokes global supply.
The state-run CPC Corp. has started planning winter gas procurement to avoid interruptions to domestic supply, according to a statement from the Ministry of Economic Affairs on Friday. There have been no shortages of electricity or oil since the war in Iran started at the end of February, it said.
The island currently imports around 96% of its energy, with liquefied natural gas accounting for roughly half its overall power generation. Unlike coal or oil, the gas is difficult to store, and Taiwan maintains just an 11-day reserve, which will be raised to 14 days from 2027.
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