Latest news with #CPCCorp
Bloomberg
2 days ago
- Business
- Bloomberg
Taiwan Official Discusses US Energy Cooperation at Alaska Summit
Taiwan's top presidential aide discussed energy cooperation with US officials at a summit this week in Alaska, where a liquefied natural gas project has come into focus for potential exporting to the island. Pan Men-an, secretary-general to Taiwan's president, gave a speech at the summit, which was held from June 2-5 and also attended by vice economic minister Lai Chien-hsin and CPC Corp. Chairman Fang Jeng-zen.
Bloomberg
19-05-2025
- Business
- Bloomberg
Taiwan Seeks LNG Cargoes After Shutting Last Nuclear Reactor
Taiwan is seeking liquefied natural gas shipments following the shutdown of its last nuclear reactor, a move that will increase the island's reliance on the seaborne fuel. Taiwan's CPC Corp. is looking for three cargoes for August and September delivery, according to traders with knowledge of the matter. The tender comes after the island closed its last nuclear reactor on Saturday due to the expiration of its 40-year operating license. The state-owned oil and gas company also purchased at least one LNG cargo for June to July delivery this month, according to traders.
Yomiuri Shimbun
26-04-2025
- Business
- Yomiuri Shimbun
US Plans Alaska LNG Summit, Will Urge Japan, South Korea to Support Project
Reuters File Photo Model of LNG tanker is seen in this illustration taken May 19, 2022. WASHINGTON, April 24 (Reuters) – U.S. President Donald Trump's energy security council plans to host a summit in Alaska in early June, when it hopes Japan and South Korea will announce commitments to the Alaska LNG project, a source familiar with the matter said on Thursday. Trump has touted the $44 billion Alaska liquefied natural gas project, which would deliver gas from the state's North Slope fields via an 800-mile (1,300-km) pipeline for domestic use and also ship it to customers in Asia as LNG, bypassing the Panama Canal. While the project has been talked about for years, progress has been limited by cost and the amount of work needed. Trump, who has pushed allies to buy U.S. energy while simultaneously threatening trade tariffs, has asked Japanese Prime Minister Shigeru Ishiba to support the Alaskan plan. Last month, Taiwanese state energy company CPC Corp signed a non-binding agreement with the state-run Alaska Gasline Development Corp, to buy LNG and invest in the project, a move Taiwan's President Lai Ching-te said would ensure the island's energy security. The summit being planned by Trump's National Energy Dominance Council, which wants to maximize production of oil and gas, would take place around June 2. It was first reported by The New York Times. The Department of Energy did not comment on the summit, but said the project would provide jobs, energy security to the United States and allies, and is estimated to reduce the U.S. trade deficit by $10 billion annually. Separately, officials from Thailand, which could also be a consumer of the LNG from Alaska, and South Korea are expected to visit the state to talk about the project sometime in the next two weeks, said the source who spoke on the condition of anonymity. It would be the first visit to Alaska by officials from Thailand to talk about the project in Trump's second administration. South Korea's Industry Minister Ahn Duk-geun said on Thursday in Washington that he was not aware of a plan to announce its commitment, and 'there are still a lot of things that need to be done' through due diligence of the Alaska LNG project in order 'to understand the local situation more accurately'. Ahn said that the country is dispatching an inspection team, and results of the due diligence would need to be reviewed to see how discussions will proceed.
Daily Maverick
25-04-2025
- Business
- Daily Maverick
US plans Alaska LNG summit, will urge Japan, South Korea to support project
U.S. President Donald Trump's energy security council plans to host a summit in Alaska in early June, when it hopes Japan and South Korea will announce commitments to the Alaska LNG project, a source familiar with the matter said on Thursday. Trump has touted the $44 billion Alaska liquefied natural gas project, which would deliver gas from the state's North Slope fields via an 800-mile (1,300 km) pipeline for domestic use and send it to customers in Asia as LNG, bypassing the Panama Canal. While the project has been talked about for years, progress has been limited by cost and the amount of work needed. Trump, who has pushed allies to buy U.S. energy while simultaneously threatening trade tariffs, has asked Japanese Prime Minister Shigeru Ishiba to support the Alaskan plan. Last month, Taiwanese state energy company CPC Corp signed a non-binding agreement with the state-run Alaska Gasline Development Corp, to buy LNG and invest in the project, a move Taiwan's President Lai Ching-te said would ensure the island's energy security. The summit being planned by Trump's National Energy Dominance Council, which wants to maximize production of oil and gas, would take place around June 2. It was first reported by The New York Times. The White House and the Interior Department did not immediately respond to a request for comment. Separately, officials from Thailand, which could also be a consumer of the LNG from Alaska, and South Korea are expected to visit the state to talk about the project sometime in the next two weeks, said the source who spoke on the condition of anonymity. It would be the first visit to Alaska by officials from Thailand to talk about the project in Trump's second administration. South Korea's Industry Minister Ahn Duk-geun said on Thursday in Washington that he was not aware of a plan to announce its commitment, and 'there are still a lot of things that need to be done' through due diligence of the Alaska LNG project in order 'to understand the local situation more accurately'. Ahn said that the country is dispatching an inspection team, and results of the due diligence would need to be seen to see how discussions will proceed.
Yahoo
24-04-2025
- Business
- Yahoo
US plans Alaska LNG summit, urges Japan, South Korea to support project, source says
WASHINGTON (Reuters) -President Donald Trump's energy security council plans to host a summit in Alaska in early June, when it hopes Japanese and South Korean officials will announce commitments to the Alaska LNG project, a source familiar with the matter said on Thursday. Trump has touted the $44 billion Alaska liquefied natural gas project, which would deliver gas from the state's North Slope fields via an 800-mile (1,300 km) pipeline for domestic use and send it to customers in Asia as LNG, bypassing the Panama Canal. While the project has been talked about for years, progress has been limited by cost and the amount of work needed. Trump, who has pushed allies to buy U.S. energy while simultaneously threatening trade tariffs, has asked Japanese Prime Minister Shigeru Ishiba to support the Alaskan plan. Last month, Taiwanese state energy company CPC Corp signed a non-binding agreement with the state-run Alaska Gasline Development Corp, to buy LNG and invest in the project, a move Taiwan's President Lai Ching-te said would ensure the island's energy security. The summit being planned by Trump's National Energy Dominance Council, which wants to maximize production of oil and gas, would take place around June 2. It was first reported by The New York Times. The White House and the Interior Department did not immediately respond to a request for comment. Separately, officials from Thailand, which could also be a consumer of the LNG from Alaska, and South Korea are expected to visit the state to talk about the project sometime in the next two weeks, said the source who spoke on the condition of anonymity. It would be the first visit to Alaska by officials from Thailand to talk about the project in Trump's second administration. Sign in to access your portfolio
