Taiwan boosts LNG imports in February

Preliminary data from the Directorate General of Customs shows that the country received 1.80 million tonnes of LNG in February.

This is up by 34.8 percent year-on-year compared to 1.33 million mt in 2024.

February LNG imports also rose compared to 1.48 million tonnes of LNG in January, which marked a 14.9 percent year-on-year decrease.

Taiwan paid $993.6 million for LNG imports in February, up from $689.9 million during the same month last year.

The data shows that most of the February LNG supplies came from Qatar (795,884 t) and Australia (452,639 t).

Qatari volumes rose compared to 418,422 t in February 2024, while Australian volumes also increased compared to 336,578 t in February 2024.

Other LNG suppliers to Taiwan last month include Papua New Guinea (154,961 t), Oman (142,773 t), Indonesia (135,165 t), US (60,479 t), and UAE (60,478 t).

During the full year 2024, Taiwan received 21.50 million tonnes of LNG, up by 7.1 percent compared to 2023.

Last year, Taiwan paid $11.92 billion for LNG imports, down from $12.35 billion in 2023.

Taiwan currently imports LNG via two terminals operated by state-owned CPC.

CPC operates the Yung-An LNG terminal with a capacity of 10.5 mtpa and the Taichung LNG import terminal with a capacity of 6 mtpa.

The firm is also expanding its Taichung LNG terminal.

In addition, CPC is also working on the Guantang LNG terminal and the Zhouji LNG terminal.

In December last year, CPC also received the environmental approval for the intercontinental LNG terminal, or the seventh terminal.