Thursday, 8 August 2013

Taiwan Oil and Gas Report Q4 2013: Business Monitor International Market Research Reports

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Taiwan Oil and Gas Report Q4 2013
Aug 7th 2013, 00:00

Price: $ 1295  

BMI View: Plans are presently under way to begin deepwater exploration off Taiwan's south-western coast in the South China Sea. Meanwhile, a growing appetite for imported gas has created a need for fresh liquefied natural gas purchase schemes, with Australian and Qatari volumes on the rise and Papua New Guinea set to become a new source of supply. Despite the fact that the government has allotted a monthly budget of approximately NT$17mn per month towards exploration activities, Taiwan is set to remain almost entirely dependent on energy imports for the foreseeable future. The main trends and developments we highlight in the Taiwanese oil and gas sector are: ? In December 2012, state-owned CPC Corporation and Husky Energy reached an agreement to cooperate on deepwater exploration projects of ...

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