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Market Chatter: Taiwan Sees Stable Energy Supply Through September Despite Global Disruptions

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-- 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.

(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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