By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
The Democrat NewsThe Democrat NewsThe Democrat News
0

No products in the cart.

Notification Show More
Font ResizerAa
  • Energy
  • Sports
Reading: Taiwan to Increase US LNG Imports to Reduce Trade Surplus
Share
Font ResizerAa
The Democrat NewsThe Democrat News
0
  • Energy
  • Sports
Search
  • Home
  • Categories
  • Customize Interests
  • My Bookmarks
  • Blog View
Have an existing account? Sign In
Follow US
The Democrat News > Blog > Uncategorized > Taiwan to Increase US LNG Imports to Reduce Trade Surplus
Uncategorized

Taiwan to Increase US LNG Imports to Reduce Trade Surplus

Esther Udoh
Last updated: February 10, 2025 4:23 pm
Esther Udoh
Published February 10, 2025
Share
SHARE

Taiwan plans to boost US LNG imports to reduce its trade surplus and avoid potential tariffs.State-owned CPC Corp. is negotiating with an Alaska-based supplier, according to local reports.Other buyers, including South Korea, Vietnam, and the EU, are also increasing US energy imports to ease tariff concerns.

Taiwan’s trade surplus with the United States saw a sharp increase of over 80 percent, reaching a record high of $64.9 billion last year. In an effort to address this imbalance and potentially avoid higher tariffs, Taiwan is looking to increase its imports of liquefied natural gas (LNG) from the US.

Currently, the island sources approximately 10 percent of its LNG from the United States, with the majority of its supply coming from Australia and Qatar under long-term contracts.

By expanding its purchases of American LNG, Taiwan aims to strengthen economic ties with the US while diversifying its energy sources.

You Might Also Like

Russia’s Lukoil seeks $2 billion from the sale of its Bulgarian refinery.

Yann Bisseck Earns First Senior Germany Call-Up Under Julian Nagelsmann

Manchester City Make Formal Approach for Porto’s Nico González

Thibaut Courtois Returns to Belgium National Team After Two-Year Absence

Shell Revises Down First-Quarter LNG Production Forecast

TAGGED:Oil and gas
Share This Article
Facebook Email Print
Leave a Comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Recipe Rating




Follow US

Find US on Social Medias
FacebookLike
XFollow
YoutubeSubscribe
TelegramFollow

Weekly Newsletter

Subscribe to our newsletter to get our newest articles instantly!
Popular News
Uncategorized

West Ham Launch Serious Bid for Forest Striker Taiwo Awoniyi

Fakayejo Paul
Fakayejo Paul
January 15, 2025
Enyimba unveils Super Eagles legend, Brown Ideye, as their new striker
Dele Alli Set to Join Serie A side, Como
China is turning to Middle Eastern LPG to substitute for US gas impacted by tariffs
Sean Kanu, Son of Nigerian Legend, Signs for Polish Club KS Dozamet Connector Nowa Sól
- Advertisement -
Ad imageAd image
Global Coronavirus Cases

Confirmed

0

Death

0

More Information:Covid-19 Statistics

Categories

  • ES Money
  • U.K News
  • The Escapist
  • Insider
  • Science
  • Technology
  • LifeStyle
  • Marketing

About US

We influence 20 million users and is the number one business and technology news network on the planet.

Subscribe US

Subscribe to our newsletter to get our newest articles instantly!

© Foxiz News Network. Ruby Design Company. All Rights Reserved.
Welcome Back!

Sign in to your account

Username or Email Address
Password

Lost your password?