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Taiwan has secured its oil and gas supplies until September, even amidst an international context marked by tensions in the Middle East and risks to strategic routes such as the Strait of Hormuz. This was confirmed by Vice Minister of Economic Affairs Lai Chien-hsin during the Taiwan Energy Summit Forum 2026.
Currently, the government has intensified its monitoring of the energy system through daily meetings since the end of February. This proactive approach is in response to potential disruptions in global supply, including force majeure declarations by international energy companies.
However, Taiwan has managed to maintain a stable energy supply thanks to a strategy based on diversifying sources and long-term planning. In this context, the state-owned CPC Corporation plays a key role by maintaining a database of over 180 petroleum products from more than 40 countries, enabling it to react quickly to disruptions.
Furthermore, the CPC has already developed plans for fuel procurement during the winter. This forecast strengthens the security of energy supply and reduces exposure to potential fluctuations in the international market.
Uninterrupted supply of oil and gas
According to the authorities, this approach ensures that the supply of oil and gas will remain uninterrupted in the short term, consolidating the country’s energy stability.
On the other hand, the government is promoting a second energy transition focused on resilience. This strategy combines the development of renewable energy, diversification of supply, strengthening of the electricity grid, energy storage, and energy efficiency.
Likewise, the aim is to ensure that electricity remains accessible and affordable, while reinforcing its role as a foundation for economic development.
In the area of clean energy, Taiwan excels in the development of offshore wind power, holding a leading position globally. The country plans to significantly expand its installed capacity by 2035 through new projects, including floating wind farms.
This growth is part of a strategy to diversify the energy mix and reduce dependence on fossil fuels.
Looking ahead, energy storage and microgrids will play a central role. These technologies will expand access to green electricity beyond the industrial sector, facilitating its integration into everyday life.
Furthermore, they will contribute to strengthening the resilience of the electrical grid against extreme events and possible interruptions.
Energy efficiency as a complementary pillar
Meanwhile, energy conservation remains a key component. During the first quarter of the year, Taiwan managed to reduce consumption by 770 million kilowatt-hours, demonstrating the impact of efficiency policies.
The government plans to expand these initiatives through models such as ESCO, aimed at optimizing energy use in different sectors.
Finally, the authorities emphasize that electricity demand will continue to rise. Therefore, market mechanisms and public policies will be implemented to optimize the energy system, ensuring stability, security, and affordable prices.
Source and photo: cna.com