Taiwanese LNG plans advance
Environmental approval marks significant progress for import scheme
An LNG import terminal in Taiwan under development for several years by state-owned oil and gas monopoly CPC has taken a key step forward after winning approval from environmental regulators. The multibillion-dollar project offshore Taoyuan County near the capital Taipei passed the Environmental Protection Administration’s (EPA’s) environmental impact assessment last week. The endorsement had been anticipated since a commission subcommittee granted conditional approval a month ago to a revised plan, proposed by Taiwan’s Ministry of Economic Affairs (MOEA) and CPC in May 2021, that would place the facility farther offshore. CPC had originally intended to start commercial operations at the 3mn
Also in this section
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
22 April 2024
Beijing’s renewed targeting of NOC management could threaten investment
19 April 2024
Cairo’s currency problems have hindered investment, but Pharos sees considerable potential as Egypt emerges from crisis