Taiwan imports less LNG in November

Liquefied natural gas (LNG) imports into Taiwan, the world’s fifth largest importer, dropped 7.7 percent in November year-on-year.

Taiwan, that uses LNG to fuel its gas-powered power plants, imported 1.22 million mt of LNG in November, as compared to 1.32 million in the same month last year, according to the data released by the Directorate General of Customs.

The country paid about $428 million for LNG imports in November, down 16.4 percent on year, the data shows.

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 345,449 mt, followed by Malaysia that supplied 353,120 mt of the chilled fuel to Taiwan in November.

The rest of the LNG imports in November came from Papua New Guinea, Russia, Indonesia and Nigeria.

In the January-November period, Taiwan imported 13.74 million mt of LNG as compared to 13.56 million mt in the same period last year, the customs data shows.

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

State-owned CPC is also planning to build a third LNG import terminal to serve the northern region near Taipei.

LNG World News Staff