Central & SE Asia / Australasia
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
| 11 Dec 24 |
Taiwan: Ørsted brings in Cathay Life Insurance as investor in Greater Changhua 4 Offshore Wind Farm Ørsted has signed an agreement with Cathay Life Insurance, the leading insurance company in Taiwan, and its affiliate Cathay Wind Power Holdings, under which Cathay Life Insurance will acquire a 50 % ownership share of Ørsted’s 583 MW Greater Changhua 4 Offshore Wind Farm. Ørsted will continue to own the remaining 50 % ownership stake in the wind farm. |
| 23 Oct 24 |
Taiwan: DNV and Metal Industries Research & Development Centre (MIRDC) to combine expertise in promoting renewable energy technology in Taiwan DNV has entered into a Memorandum of Understanding (MoU) with MIRDC, a non-profit foundation focused on the promotion of the development and upgrading of metals and related industries in Taiwan. Under the three-year agreement, DNV and MIRDC will work together on a range of initiatives, including floating solar and wind technologies, energy storage, and hydrogen solutions. |
| 11 Jul 24 |
Woodside and CPC sign agreement for long-term LNG supply Woodside has signed a sale and purchase agreement (SPA) with CPC, Taiwan’s state-owned oil and gas company, for the long-term supply of liquefied natural gas (LNG) to Taiwan. Under the SPA, Woodside will supply approximately 6 million tonnes of LNG on a delivered basis over 10 years, commencing in July 2024. |
| 26 Jun 24 |
Taiwan: Copenhagen Infrastructure Partners’ Zhong Neng offshore wind farm in Taiwan delivers first power The Zhong Neng offshore wind farm, a joint venture between Copenhagen Infrastructure Partners through its fund Copenhagen Infrastructure IV and China Steel Corporation, has achieved a significant milestone with the delivery of first power. |
| 06 Jun 24 |
Taiwan: Jumbo Offshore wraps up monopile removal works in Taiwan Jumbo Offshore has completed the removal of two monopiles on the Offshore Wind Farm (OWF) Yunlin in Taiwan. The Company carried out the work whilst deploying its DP2 Heavy Lift Crane Vessel Fairplayer from Europe to support the onsite operations. |
Taiwan - more news
Other countries in this region
- Australia,
- Bangladesh,
- Brunei,
- Cambodia,
- China,
- Fiji,
- Hong Kong,
- India,
- Indonesia,
- Japan,
- Laos,
- Malaysia,
- Maldives,
- Mongolia,
- Myanmar,
- Nepal,
- New Zealand,
- North Korea,
- Pakistan,
- Palau,
- Papua New Guinea,
- Philippines,
- Singapore,
- South Korea,
- Sri Lanka,
- Thailand,
- Timor Leste,
- Vietnam
