Taiwan’s LNG imports rise in October

Liquefied natural gas (LNG) imports into Taiwan, the world’s fifth largest importer, increased 14 percent in October year-on-year.

Taiwan, that uses LNG to fuel its gas-powered power plants, imported 1.38 million mt of LNG in October, as compared to 1.21 million in the same month last year, according to the data released by the Directorate General of Customs.

The data shows that the country paid about $489 million for LNG imports in October, down just 0.8 percent on year.

Qatar, the world’s largest LNG exporter, remained the biggest supplier of the fuel to Taiwan. Imports from Qatar stood at 489,200 mt in October.

The rest of the LNG imports in October came from Malaysia, Indonesia, Russia, Papua New Guinea and Australia.

In the January-October period, Taiwan imported 12.52 million mt of LNG as compared to 12.24 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