LNG, oil supplies uninterrupted: CPC Corp, TaiwanReuters and CNAState-run CPC Corp, Taiwan (CPC, 台灣中油) yesterday said that it had confirmed on Saturday night with its liquefied natural gas (LNG) and crude oil suppliers that shipments are proceeding as scheduled and that domestic supplies remain unaffected. The CPC yesterday announced the gasoline and diesel prices will rise by NT$0.2 and NT$0.4 per liter, respectively, starting Monday, citing Middle East tensions and blizzards in the eastern United States. CPC said it aims to gradually reduce LNG imports from Gulf countries and increase those from the US, with US imports expected to account for about 25 percent of the total by 2029. The state-owned company said it would continue to monitor developments in the Middle East and work with the government to help stabilize commodity prices. Middle East leaders have told Washington that a war on Iran could lead to oil prices jumping to more than US$100 a barrel, said RBC analyst Helima Croft.

Source: Taipei Times March 01, 2026 16:28 UTC