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Taiwan – limits for gas growth

After years of steady increases, Taiwan’s gas demand growth is expected to face challenges. Capacity limitations and potential policy changes could hit the outlook for growth After years of steady increases, Taiwan’s gas demand growth is expected to face challenges. Capacity limitations and potential policy changes could hit the outlook for growth.
By Catriona Scott 24 January 2019 0 33868
Taiwan’s electricity demand is expected to rise by roughly 1% year on year in 2018. (Andrew Haimerl/unsplash.com)

Taiwan is the world’s fifth-largest LNG importer, having taken around 16.8 mt in 2017 and an estimated 17 mt in 2018. Growth in recent years has been strong despite constraints in regasification capacity, but further expansion is set to be limited until new facilities come online. And even when new terminals are commissioned, potential changes in energy policy mean the political support required for gas demand to grow in the long term is uncertain. This will not only limit increases in LNG flows into Taiwan...