Referendum to shape Taiwan’s LNG future
Taiwanese voters will decide whether to relocate the $2bn Taoyuan project
Millions of people in Taiwan will head to the polls on Saturday to vote in four referendums, two of which are related to major energy infrastructure projects and have implications for the country’s energy security. The two referendums—one on the Lungmen nuclear power plant that was mothballed in 2015 and the other on where to build a third LNG terminal—were initially scheduled to take place in August but postponed to this Saturday because of Covid. The outcomes of the referendums have the potential to reshape Taiwan’s energy supply, 97.8pc of which was met by imports last year. Third terminal The LNG terminal referendum asks if the $2bn Taoyuan project planned by state-owned CPC on Taiwan’s
Also in this section
25 April 2024
Some companies with assets in Israel have turned towards Egypt as tensions escalate, but others are holding firm despite rising tensions
24 April 2024
But even planned exploration activity is unlikely to reverse declining output from mature fields
23 April 2024
Cheaper Russian barrels and lower overall crude prices have helped cut key oil consumer’s import bills in election year
22 April 2024
Pursuing three different goals as part of the same package may mean achieving none of them