Commodity Market Report

Taiwan LNG market report

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Although Taiwan’s LNG imports stagnated at 20.5 Mt in 2023, we expect its LNG demand to keep increasing until 2027 thanks to nuclear phase-out and coal reduction. From 2027, we predict demand will gradually decline. What are the key driving factors affecting long-term gas-to-power demand? Taiwan's operational terminals have already been operating above nameplate capacity. Given delays in new regas capacity, LNG demand will be vulnerable if a facility outage happens. What are the new regas projects and challenges for their development? In June 2024, CPC obtained a new long-term offtake from QatarEnergy, which helped to strengthen supply security. Including the new deal, uncontracted demand will still escalate from 2033 as legacy long-term contracts expire. How will the uncontracted demand evolve? Read more on our in-depth analysis of Taiwan's LNG market, including: LNG market outlook LNG Infrastructure LNG contracts and pricing Policy and market structure

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    Taiwan LNG Market Report 2024.pdf

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