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  • 17 hours ago
Taiwan’s Vice Economy Minister Lai Chien-hsin says the island’s oil and gas supply will remain stable through August and September. The government says plans are in place to secure energy through the winter, with state-owned companies finalizing purchase strategies.

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00:00Officials say Taiwan's oil and gas supply will last through September with plans on the way to secure energy through
00:06the winter.
00:32Taiwan imports the vast majority of its energy, with domestic reserves estimated to last only 90 days for oil and
00:4011 days for natural gas.
00:41It's a major security challenge worsened by Taiwan oil tankers stuck in the Strait of Hormuz.
00:47The economy ministry says it has multiple suppliers across several countries and has obtained a steady supply to loss through
00:54the fall.
00:54The government is also developing more energy storage solutions, but some experts have concerns.
01:25A delivery of two million barrels of crude oil that have been stuck in the Strait of Hormuz is expected
01:31to arrive on Wednesday.
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