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Taiwan's January gas imports rise 12%

Woodside Petroleum Ltd's Jack Bates drilling platform is seen off the coast of Western Australia in this undated handout photograph.

Woodside Petroleum Ltd's Jack Bates drilling platform is seen off the coast of Western Australia in this undated handout photograph.

Taiwan, Asia's third-largest liquefied natural gas importer, bought 12 percent more of the cleaner-burning fuel from overseas suppliers in January.
CPC Corp. imported 1.29 million kiloliters of the fuel for US$396.8 million last month, compared with 1.15 million kiloliters for US$259.9 million a year earlier, the energy bureau said in an e-mailed statement yesterday. The state-owned company is Taiwan's only LNG importer.
The island imports more than 95 percent of its natural gas needs. LNG prices climbed last year after the closure of the world's biggest nuclear power plant in Japan resulted in a surge in demand for the fuel by Tokyo Electric Power Co., which owns the atomic station.
Purchases from Indonesia climbed 34 percent to 673,300 kiloliters last month, while Malaysian supplies declined 3 percent to 364,500 kiloliters from a year-ago period, according to government data. CPC bought 128,700 kiloliters from Algeria and 122,800 kiloliters from Nigeria in January, compared with none a year earlier.
Taiwan's liquefied natural gas imports in 2007 rose 6.8 percent to 18.14 million kiloliters, the highest since shipments began in 1990, the energy bureau said on Jan. 28. The island spent US$4.28 billion last year, more than the US$3.68 billion for 16.99 million kiloliters in 2006.
Australia's Woodside signed a preliminary agreement Friday to supply liquefied natural gas to Taiwan potentially worth US$42.3 billion over 20 years, Australian Trade Minister Simon Crean said.
Crean said the deal with Taiwan's state-run CPC Corporation could equal the largest trade deal in Australian history, an LNG supply contract with China signed in 2003.
Crean said Taiwan was Australia's eighth largest merchandise export market, worth 5.9 billion dollars last year.


Updated : 2021-05-17 00:43 GMT+08:00