Taiwan to pledge more US oil and gas imports to avoid tariff

Taiwan vows to buy more U.S. oil and gas amid tariff talks with the Trump administration, says President Lai Ching-te.

Taiwan is pledging to buy more U.S. oil and gas, which is a focus of the tariff talks with the Trump Administration, Taiwanese President Lai Ching-te said on Tuesday.

“Increasing purchases from the United States, including natural gas, oil, and other essential national energy sources, is not only the next focus of the tariff negotiations between Taiwan and the U.S., but also an important part of Taiwan’s efforts to strengthen its energy autonomy and resilience,” Lai’s office said, as carried by Reuters.

Currently, Taiwan’s imports of LNG from the United States account for about 10% of all its LNG imports.

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Source: Oil Price

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