Taiwan’s LNG imports climb in March

Taiwan increased its imports of liquefied natural gas (LNG) by 29.4 percent in March on a yearly basis.

The world’s fifth largest LNG buyer imported 1.22 million mt of LNG in March, as compared to 943,047 mt in the same month last year, according to the data released by the Directorate General of Customs.

Taiwan paid about $480 million for LNG imports in March, the data shows.

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

LNG imports from Qatar reached 445,551 mt, followed by Indonesia that supplied 183,930 mt of the chilled fuel to Taiwan in March.

The rest of the LNG imports came from Malaysia, Papua New Guinea, Australia and Russia, according to the customs data.

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

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

LNG World News Staff