Taiwan Estimates It Has Enough Gas Supply Through September
LNG storage tanks at Guan-Tang LNG Receiving Terminal in Taoyuan, Taiwan.
Photographer: I-Hwa Cheng/AFP/Getty ImagesTaiwan estimates it has secured enough natural gas through September, the latest effort by the chipmaking hub to boost energy security as the closure of the Strait of Hormuz chokes global supply.
The state-run CPC Corp. has started planning winter gas procurement to avoid interruptions to domestic supply, according to a statement from the Ministry of Economic Affairs on Friday. There have been no shortages of electricity or oil since the war in Iran started at the end of February, it said.