[Finance] CPC: Hormuz Strait Situation to be Observed, Oil and Gas Supply Remains Stable with Flexible Scheduling
bellala 央廣5h agoEdited
Regarding external concerns about oil and gas supply and scheduling after the easing of the Middle East conflict, CPC Corporation, Taiwan announced in a press release today (17th) that the current oil supply remains stable. They will continue to monitor changes in the international situation and flexibly adjust procurement strategies.
Regarding oil products, CPC stated that they have inquired with shipping companies and suppliers currently docked in the bay. All parties have responded that as the situation is not yet clear, they are still observing. At present, national oil inventory remains at a high level, and supply is not a concern.
CPC also pointed out that if the Strait of Hormuz is confirmed to reopen in the future, they plan to arrange for ships to load in the bay between July and August to obtain more diverse crude oil sources, including asphalt-based crude oil and high-sulfur crude oil, which will also help in the production of by-products such as asphalt and sulfur to meet domestic demand.
In terms of natural gas, CPC estimates that if the US and Iran successfully sign a peace agreement on June 19th, leading to the gradual resumption of shipping through the Strait of Hormuz, Qatari liquefied natural gas (LNG) shipments are expected to arrive in Taiwan successively from early September. At that time, cargo and shipping schedules will be adjusted based on supply and demand.
CPC emphasized that they will continue to closely monitor the developments in the Middle East and promptly adjust oil and gas procurement and supply strategies in response to international market changes to ensure stable domestic energy supply. (Editor: Hsu Chia-yuan)
Source Link: https://www.rti.org.tw/news?uid=3&pid=215052
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