MARKETS

Taiwan likely to become a crucial LNG market: BNEF

TAIWAN’s energy transition plans will lead to LNG demand growth, according to Bloomberg New Energy Finance analysis, however it may have to rely on more spot cargoes as its contracts expire while decreasing its reliance on coal and nuclear.

Mark Tilly

LNG to lead country’s transition plans

BNEF analyst Michael Yip noted Taiwan's current LNG demand exceeds its contracted volume and is likely to stay that way, with spot demand representing some 38% of Taiwan's LNG imports from 2019-20. ...

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