Ministry of Economic Affairs: Oil and Gas Supply Secure Until September, CPC Pre-arranges Winter Procurement

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Deputy Minister of Economic Affairs Lai Chien-hsin announced that Taiwan's oil and gas supply is stable until September despite rising Middle East tensions, with CPC already planning winter procurement. He emphasized Taiwan's robust energy resilience through diversified strategies.

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Deputy Minister of Economic Affairs Lai Chien-hsin announced that Taiwan's oil and gas supply is stable until September despite rising Middle East tensions, with CPC already planning winter procurement. He emphasized Taiwan's robust energy resilience through diversified strategies.

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Source: https://www.cna.com.tw/news/afe/202605060083.aspx | Date: Date unavailable

TAIPEI (Central News Agency) -- Deputy Minister of Economic Affairs Lai Chien-hsin stated today that despite rising tensions in the Middle East and potential risks in the Strait of Hormuz, the government has been holding daily energy deployment meetings since late February. Taiwan's domestic oil and gas supply is currently stable, "secure until August and September," and CPC has already planned winter procurement in advance, ensuring overall supply security. Lai Chien-hsin attended the "2026 Taiwan Energy Summit Forum" today and delivered a keynote speech titled "New Strategies for Strengthening National Energy Resilience." He pointed out that recently, Qatar and international energy companies have successively declared force majeure, leading to external concerns about energy supply risks. However, Taiwan has established a relatively stable supply system through diversified procurement and long-term planning. He stated that CPC has long maintained a database covering over 180 types of oils distributed in more than 40 countries. When a specific source is blocked, procurement sources can be swiftly switched, thus ensuring oil and gas supply security until September. Regarding overall energy policy, Lai Chien-hsin pointed out that Taiwan is promoting its "Second Energy Transition," with energy resilience as its core, advancing simultaneously in green energy development, diversified supply, grid strengthening, energy saving, and storage. He emphasized that electricity is not only a support for economic development but also a manifestation of national power, and the future policy goal is to build an affordable and indispensable power system. In terms of green energy development, Lai Chien-hsin stated that Taiwan's offshore wind power new installed capacity ranked third globally in 2025, and related experience has attracted attention from countries like Japan and South Korea. In addition to continuing to promote zone development, floating wind farm demonstration projects

Ministry of Economic Affairs: Oil and Gas Supply Secure Until September, CPC Pre-arranges Winter Procurement

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