Taiwan continues to boost monthly LNG imports

Taiwan imported 1.46 million mt of LNG in May, up 9.8% from the same month a year before, and a 13.5% rise from April, data released by the Directorate General of Customs showed.

Qatar, the world’s top LNG exporter, remained the biggest supplier of the fuel to Taiwan in the month under review.

LNG imports from Qatar reached 443,338 mt in May. However, as compared to the year before they were down 22.7%.

Malaysia was the second-biggest supplier of LNG to Taiwan in May. Taiwan received 363,826 mt of Malaysian LNG in the month under review, a rise of almost 53% year-on-year.

The rest of the May LNG imports came from Papua New Guinea, Australia, Indonesia, Brunei, Russia and Nigeria.

Taiwan, the world’s fifth largest LNG buyer, paid about $552 million for LNG imports in May, according to the customs data.

The country currently imports the chilled fuel via two regasification terminals, located in the central and southern parts of the island.

With less reliance on nuclear power and dwindling domestic natural gas resources, Taiwan is expected to continue boosting its LNG imports in the future to drive power sector growth.

LNG World News Staff