Taiwan Buys Fossil Fuels to Offset Lower Nuclear Generation
- CPC bought spot shipments for delivery through March 2024
- Kuosheng nuclear reactor unit was permanently shut this week
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Taiwan has moved to secure liquefied natural gas supplies after the closing of a nuclear reactor increased the need for alternative power generation.
CPC Corp., which supplies gas to Taiwan’s power utility, bought at least 10 LNG cargoes for delivery between May 2023 and March 2024 through a tender this week, according to traders with knowledge of the matter. The purchases were part of a larger strategy to secure gas over the next year amid weaker nuclear output, the traders said.