Taiwan expects domestic oil and gas supplies to remain steady through September despite geopolitical tensions in the Middle East, Taipei Times reported Thursday, citing Deputy Economic Affairs Minister Lai Chien-hsin.
He credited diversified procurement strategies for keeping energy flows stable. State refiner CPC Corp, Taiwan has already started winter procurement planning, with no immediate supply risks seen. The company operates a sourcing database covering over 180 energy products from more than 40 countries, allowing quick shifts in suppliers during disruptions, reportedly.
Lai said Taiwan is also pushing a "second energy transition" focused on resilience, including renewables, grid upgrades, and storage expansion. Offshore wind capacity is set to grow by 8 to 10 gigawatts by 2035, while energy-saving efforts in the first quarter alone cut 770 million kilowatt-hour of usage, the news outlet said.
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