Taiwan is making ready to purchase extra liquefied pure gasoline from the US to scale back its commerce surplus and doubtlessly keep away from greater tariffs.
State-owned CPC Corp. and the financial system ministry are in negotiations with an Alaska-based export plant for provides, Taipei-based Central Information Company mentioned, citing an unidentified ministry official. CPC and the ministry didn’t instantly reply to requests for remark.
South Korea, Vietnam and the European Union are amongst power consumers attempting to appease President Donald Trump — and cut back the specter of tariffs — by trying to improve purchases from the largest exporter of the super-chilled gas and largest producer of crude. Trump on Friday mentioned Japan would purchase a document quantity of American LNG.
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Taiwan’s commerce surplus with the US surged greater than 80 p.c to a document $64.9 billion final yr. The island bought about 10 p.c of its LNG from the US final yr, with most shipments arriving from Australia and Qatar underneath long-term provide contracts.
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