Taiwan Halts $800 Million in Spot LNG Buys From Papua New Guinea
Taiwan will halt about 500,000 tonnes of spot LNG imports as it weighs further retaliation after PNG ordered its representative office closed.
8 Articles
8 Articles
Taiwan Halts $800 Million in Spot LNG Buys From Papua New Guinea
Taiwan has suspended approximately 500,000 metric tons of liquefied natural gas purchases from Papua New Guinea every six months, removing roughly $800 million of spot-market demand after Port Moresby ordered the closure of Taipei’s representative office. The decision leaves Taiwan’s long-term LNG supply contract untouched. Taipei will continue importing 1.2 million metric tons of PNG LNG annually through 2030, preserving a supply agreement that…
Taiwan suspends LNG from PNG over office closure
The Ministry of Foreign Affairs (MOFA) yesterday said it has temporarily suspended spot market purchases of liquefied natural gas (LNG) from Papua New Guinea (PNG) after the country’s foreign minister earlier this month unilaterally announced that Taiwan’s representative office there would be closed
Diplomatic spat sees CPC halt spot LNG purchases from Papua New Guinea
Taipei, July 28 (CNA) State-owned CPC Corp., Taiwan will suspend spot purchases of liquefied natural gas (LNG) from Papua New Guinea (PNG) in response to plans to close Taiwan's representative office there, a senior Taiwanese diplomat said Tuesday.
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