Taipei, Taiwan’s capital
Taiwan embraces long-term LNG
The island nation plans to phase out nuclear energy and substitute coal for gas, but must first overcome import capacity constraints
Taiwan could sign up for more LNG on long-terms deals even after signing two SPAs to buy volumes from Qatar and Australia recently, as the world’s sixth-biggest LNG importer wants to be nuclear-free and meet half of its electricity demand from gas by next year. Taiwan’s CPC agreed with QatarEnergy in early June to offtake 4mt/yr from the North Field East (NFE) LNG expansion project for 27 years, and to buy a 5% stake in one of the six 8mt/yr liquefaction mega-trains underpinning the expansion that are scheduled to start up from 2026. Taiwan is already a major buyer of Qatari LNG and was the producer’s fifth-biggest purchaser last year, according to data compiled by Petroleum Economist. The Q
Also in this section
17 February 2026
The 25th WPC Energy Congress, taking place in Riyadh, Saudi Arabia from 26–30 April 2026, will bring together leaders from the political, industrial, financial and technology sectors under the unifying theme “Pathways to an Energy Future for All”
17 February 2026
Siemens Energy has been active in the Kingdom for nearly a century, evolving over that time from a project-based foreign supplier to a locally operating multi-national company with its own domestic supply chain and workforce
17 February 2026
Eni’s chief operating officer for global natural resources, Guido Brusco, takes stock of the company’s key achievements over the past year, and what differentiates its strategy from those of its peers in the LNG sector and beyond
16 February 2026
As the third wave of global LNG arrives, Wood Mackenzie’s director for Europe gas and LNG, Tom Marzec-Manser, discusses with Petroleum Economist the outlook for Europe’s gas market in 2026
