Tseng Wensheng, Taiwan’s vice minister of economic affairs, said the country was increasing its energy stocks to prepare for emergencies as China increased military pressure on Taiwan. TAIPEI 2022 REUTERS/Ann Wang
TAIPEI, May 24 (Reuters) – Taiwan’s Vice Minister for Economic Affairs Tseng Wensheng said China was increasing its energy stocks to prepare for emergencies amid growing military pressure on Taiwan.
said in an interview with Reuters.
It said it plans to increase natural gas inventories from the current 11 days to more than 20 days by 2030 by building new storage facilities in Taiwan.
Coal stocks will also increase over the next few years. Crude oil inventories will continue to be held at 100 days or more.