• 4 days Retail On Pace For Most Bankruptcies And Store Closures Ever In One Year: BDO
  • 10 minutes America Could Go Fully Electric Right Now
  • 6 hours Majors Oil COs diversify into Renewables ? What synergies forget have with Solar Panels and Wind Tirbines ? None !
  • 1 hour Something wicked this way comes
  • 6 hours A sneak peak into the US election
  • 2 hours America's Frontline Doctors - Safely Start Living Again!
  • 10 hours France Sees 10.6% EV Market Share In September — 4× Growth Year On Year
  • 1 day covid. stop the carriers and thus stop the virus.
  • 1 day "COVID Kills Another Oil Rally" by Tom Kool 10/16/2020
  • 2 days Is the coal industry on the way out?
  • 2 days GPOR - Gulfport Oil - Why?
  • 12 hours California’s Electric Vehicle Dream Has A Major Problem: No
  • 13 hours Tesla Model 3 Is September's Top Selling Car of All Vehicles in Switzerland
  • 2 days Tucker Carlson responds to CDC after agency critiques commentary about mask-wearing
  • 19 hours Vote Biden for Higher Oil Prices
  • 21 hours Permian in for Prosperous and Bright Future
  • 1 day Ethanol present in gasoline
Could This Become The Next Big Shale Takeover?

Could This Become The Next Big Shale Takeover?

ConocoPhillips is reportedly in talks…

Taiwan Interested in Indonesian Coal, Natural Gas Imports

According to Taiwan’s Deputy Minister for Economic Affairs Sheng-Chung Lin, Taiwanese companies plan to buy more Indonesian coal and natural gas.

Lin told journalists, “Indonesia is one of Taiwan’s most important supply sources of oil, gas and coal. We want to increase our purchases of coal,” The Jakarta Globe reported.

Taiwan is currently Indonesia’s fifth-biggest coal export market, after China, Japan, South Korea and India and Taiwan’s third-biggest overseas investment destination, along with being its 11th largest trading partner. According to Gde Pradnyana, spokesman for BP Migas, Indonesia’s state regulator for oil and natural gas production, Taiwan is now Indonesia’s third largest export market for liquefied natural gas from East Kalimantan’s Bontang plant. Indonesia is now the world’s second largest liquefied natural gas exporter after Qatar. Indonesia also sells liquefied natural gas to China.

During the period January-August 2011 bilateral trade between Indonesia and Taiwan grew 24 percent to $8.3 billion compared to the same period a year earlier, according to the Taiwan External Trade Development Council, with Indonesian exports to Taiwan reaching $5 billion along with Indonesia’s imports from Taiwan totaling $3.3 billion. As of March 2001 Taiwanese investments in Indonesia reached $14 billion in 1,357 projects.

By. Joao Peixe, Deputy Editor OilPrice.com



Join the discussion | Back to homepage



Leave a comment

Leave a comment

Oilprice - The No. 1 Source for Oil & Energy News