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Taiwan phasing out nuclear power

 Taiwan is buying more LNG for delivery over the next year as it closed a
nuclear reactor and is set to phase out nuclear power generation by 2025.
Taiwan’s CPC Corp bought via a tender this week at least 10 cargoes of
LNG to be delivered between May this year and March next year, traders
familiar with the deals told Bloomberg on Friday. The LNG purchases are
also part of Taiwan’s strategy to procure more gas to offset the decline
in nuclear power generation, according to the traders.

This week, Unit 2 of
Taiwan’s Kuosheng nuclear power plant was taken offline and will be
decommissioned following the expiry of its 40-year operating license. There
are now two remaining nuclear reactors operating in Taiwan at the Maanshan
nuclear power plant. Those reactors are expected to be shut down in 2024
and 2025.

 Oil Price 17th March 2023


March 20, 2023 - Posted by | ENERGY, politics, Taiwan

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