• 3 minutes e-car sales collapse
  • 6 minutes America Is Exceptional in Its Political Divide
  • 11 minutes Perovskites, a ‘dirt cheap’ alternative to silicon, just got a lot more efficient
  • 4 hours GREEN NEW DEAL = BLIZZARD OF LIES
  • 4 days The United States produced more crude oil than any nation, at any time.
  • 9 days e-truck insanity
  • 5 days How Far Have We Really Gotten With Alternative Energy
  • 8 days Oil Stocks, Market Direction, Bitcoin, Minerals, Gold, Silver - Technical Trading <--- Chris Vermeulen & Gareth Soloway weigh in
  • 7 days James Corbett Interviews Irina Slav of OILPRICE.COM - "Burn, Hollywood, Burn!" - The Corbett Report
  • 8 days The European Union is exceptional in its political divide. Examples are apparent in Hungary, Slovakia, Sweden, Netherlands, Belarus, Ireland, etc.
  • 9 days Biden's $2 trillion Plan for Insfrastructure and Jobs
  • 9 days "What’s In Store For Europe In 2023?" By the CIA (aka RFE/RL as a ruse to deceive readers)
  • 13 days Bankruptcy in the Industry

Taiwan Prepares For Chinese Invasion By Stocking Up On Natural Gas And Coal

Taiwan is stocking up on natural gas and coal in anticipation of more military action from Beijing, Reuters has reported, citing a Taipei government official.

In case of a Chinese attack on the island or a blockade, Reuters wrote, the Taiwan government wanted to boost its resilience since it is almost completely dependent on imports for its energy demand.

"When it does happen, we need to be able to undertake pressure to a certain degree," Tseng Wen-Sheng, a deputy economy minister, told Reuters.

Taiwan depends on imports for some 98 percent of its energy consumption, with coal and natural gas accounting for 81.5 percent of electricity generation on the island. Nuclear provides another 9.6 percent and wind and solar contribute another 6 percent.

China has been conducting military drills around Taiwan regularly but recently stepped these up, prompting Taiwan to accuse it of a blockade and of simulating a future invasion of the island.

The situation heated up in August when U.S. House Speaker Nancy Pelosi visited Taiwan. Following the visit, China cut several communication channels with the U.S. and called the visit an “egregious provocation”.

This month, the chief of the U.S. Navy warned that China could attack Taiwan by the end of the year and the U.S. must be ready to respond to this attack.

“When we talk about the 2027 window, in my mind that has to be a 2022 window or potentially a 2023 window,” Admiral Mike Gilday told the Atlantic Council last week, as quoted by the FT. “I don’t mean at all to be alarmist . . . it’s just that we can’t wish that away.”

ADVERTISEMENT

Beijing, meanwhile, has blamed the U.S. for the escalation between China and Taiwan. President Xi Jinping said this weekend that if China is compelled to attack Taiwan, it would be because of “external forces”.

By Charles Kennedy for Oilprice.com

More Top Reads From Oilprice.com:



Join the discussion | Back to homepage



Leave a comment

Leave a comment

EXXON Mobil -0.35
Open57.81 Trading Vol.6.96M Previous Vol.241.7B
BUY 57.15
Sell 57.00
Oilprice - The No. 1 Source for Oil & Energy News