Taiwan to Hike U.S. LNG Imports After Reaching Trade Deal

Group 1 - Taiwan plans to increase imports of U.S. LNG to account for 30%-33% of its gas supply, up from about 10% [1] - The Economy Minister of Taiwan stated that the country will reduce imports from other suppliers as it increases purchases from the U.S. [2] - Taiwan's CPC Corporation signed a letter of intent last year to invest in the Alaska LNG export project, which is supported by the U.S. government [3] Group 2 - The Alaska LNG project is advancing, with Phase One involving a 739-mile pipeline expected to be mechanically completed by 2028 and first gas delivery in 2029 [4] - A recent trade and investment deal between Taiwan and the U.S. includes reduced tariffs on Taiwanese products and exemptions for certain industries [5] - Taiwan will provide credit guarantees of at least $250 billion to support investment in the semiconductor supply chain in the U.S. [6]