"Taiwan Oil & Gas Report Q1 2014" Published
Plans are presently under way to begin deepwater exploration off Taiwan's south-western coast and near the Itu Aba island, the largest island in the disputed and potentially oil-rich Spratly islands in the South China Sea. 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. Meanwhile, a growing appetite for imported gas has created a...
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