Central & SE Asia / Australasia

Taiwan flag
Summary | Profile

Country profile: Taiwan

Location: Eastern Asia, islands bordering the East China Sea, Philippine Sea, South China Sea, and Taiwan Strait, north of the Philippines, off the southeastern coast of China
Climate: tropical; marine; rainy season during southwest monsoon (June to August); cloudiness is persistent and extensive all year
Terrain: eastern two-thirds mostly rugged mountains; flat to gently rolling plains in west
Size: 35980 sq. km total (Land area: 32260 sq. km  Water area: 3720 sq.km)
Population: 22,858,872 (July 2007 est.)
Languages: Mandarin Chinese (official), Taiwanese (Min), Hakka dialects
Government: multiparty democracy
Capital city: Taipei
Legal system: based on civil law system; has not accepted compulsory ICJ jurisdiction
Currency: new Taiwan dollar (TWD)
Licensing:

Country profile

Taiwan does not have substantial domestic energy resources and must import the vast majority of its needs. Taiwan has encouraged investment in domestic oil and natural gas projects in light of a need to obtain a secure supply, including partnerships with mainland Chinese companies and overseas ventures. However, these efforts are unlikely to yield sufficient energy resources to reverse the island’s energy import dependence. 

Nearly half of total energy consumption in Taiwan is from oil (45 percent), followed by coal (36 percent), although Taiwan no longer has any domestic coal production. Since the introduction of LNG imports in the 1990s, natural gas has played an increasingly important role in the island’s energy mix, accounting for 9 percent of total energy consumption in 2005.

Energy production and consumption


Oil Gas
Production: 7,755  1 bcm
Consumption: 965,000  11 bcm
Exports: NaN  NaN 
Imports: NaN  10 bcm
Reserves: 3 mm 76 bcm
Major fields:



Taiwan - recent news

16 Jul 20
Taiwan: Subsea 7 awarded renewables contract offshore Taiwan
Subsea 7 has announced the award of a sizeable contract for the installation of the submarine cable system on an offshore wind farm project in Taiwan.
08 Jul 20
Taiwan: Orsted and TSMC sign the world’s largest renewables corporate power purchase agreement
Orsted and Taiwan-based TSMC have signed a corporate power purchase agreement (CPPA). TSMC will offtake the full production from Orsted’s 920MW Greater Changhua 2b & 4 offshore wind farm, making it the largest-ever contract of its kind within renewable energy.
28 Apr 20
Taiwan: Fugro establishes Fugro IOVTEC to support business expansion in Taiwan's offshore wind farm market
Fugro has established Fugro IOVTEC, a Taiwanese entity to support ongoing business expansion in the emerging offshore wind farm market in Taiwan. Fugro has been actively supporting the renewables market in Taiwan since 2016 under a Memorandum of Understanding (MOU) with IOVTEC.
20 Apr 20
Taiwan: MMA Offshore awarded renewable sector support contract
MMA Offshore has been awarded a contract with a top tier construction contractor to support foundation installation for an offshore wind farm project off the coast of Taiwan.
02 Oct 19
Taiwan: Subsea 7 awarded contract offshore Taiwan
Subsea 7 has announced the award of a sizeable contract for the installation of the submarine cable system on an offshore wind farm project in Taiwan.

Taiwan - more news

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