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Market Chatter: Taiwan Proposes Funding Package to Secure LNG Supplies Amid Middle East Conflict

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Taiwan has proposed funding of more than $13 billion for its state-run energy companies to secure LNG supplies and protect electricity users when a price freeze expires at the end of September, Bloomberg reported Thursday.

The cabinet has finalized a supplementary budget which includes a NT$234 billion capital injection and additional subsidies of around NT$100 billion, the report said.

The package is designed to help offset rising fuel costs due to the war in the Middle East, the report noted.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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