TAIPEI (Taiwan News) — Taiwan has redirected its April natural gas supply away from the Middle East as the government monitors potential energy disruptions, the Ministry of Economic Affairs said Thursday.
Vice Economics Minister Lai Chien-hsin (賴建信) said at a Cabinet briefing that spot Brent crude prices remain steady despite the fighting, per CNA. He added that Taiwan has mechanisms to stabilize crude oil and fuel prices, with price stability as the government’s top priority.
The ministry said Taiwan’s energy imports are diversified. Last year it imported crude oil from 10 countries and natural gas from 14 countries.
Current reserves meet or exceed requirements. Taiwan holds at least 90 days of oil reserves, 30 days of coal, and 11 days of natural gas, per UDN.
Lai said the ministry has activated a response team to monitor shipping routes and global oil prices daily. He noted prices remained stable as countries sought alternative supply routes and US oil inventories came in higher than expected.
The ministry said about 80% of Taiwan’s liquefied natural gas imports are used for power generation. Backup mechanisms are in place to maintain stable electricity supply if disruptions occur, it added.
The ministry said it will continue using tax cuts and price controls to stabilize gasoline and diesel prices.





