Taiwan Seeks LNG Cargoes After Shutting Last Nuclear Reactor

Taiwan is seeking liquefied natural gas shipments following the shutdown of its last nuclear reactor, a move that will increase the island’s reliance on the seaborne fuel.

CPC Corp. is looking for three cargoes for August and September delivery, according to traders with knowledge of the matter. The tender comes after the island closed its last nuclear reactor on Saturday due to the expiration of its 40-year operating license. The state-owned oil and gas company also purchased at least one LNG shipment for June to July delivery this month, according to traders.