BMI View: Plans are presently under way to begin deepwater exploration off Taiwan’s south-western coast in the South China Sea. Meanwhile, a growing appetite for imported gas has created a need for fresh liquefied natural gas purchase schemes, with Australian and Qatari volumes on the rise and Papua New Guinea set to become a new source of supply. The main trends and developments we highlight in the Taiwanese oil and gas sector are: ? In December 2012, state-owned CPC Corporation and Husky Energy reached an agreement to cooperate deepwater exploration projects off the south western coast of Taiwan in the …
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