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Taiwan

Asia

‘Carbon Neutral’ LNG demand soars in Asia despite criticism

Liquefied natural gas (LNG) shipments tagged “carbon neutral” are gaining popularity among Asian buyers, despite criticism that the offsets used to justify the label don’t actually cancel out planet-warming emissions generated by the fossil fuel.

Asia

Qatar signs 15-year LNG supply pact with Taiwan

Qatar Petroleum will supply 1.25 million tonnes per year of liquefied natural gas (LNG) to Taiwan’s CPC Corporation for 15 years. Qatar Petroleum said yesterday that LNG deliveries will start in January 2022. Since the first LNG delivery in March 2006, CPC has received more than 63 million tonnes of LNG from Qatar.

Other News

Hong Kong oil tycoon freed after kidnappers ask for £6million in ransom deal

A billionaire oil tycoon has been rescued after he was allegedly held hostage for more than a month in a £6million ransom deal. Wong Yuk-kwan, the chairman of Pearl Oriental Oil Limited, had been found in an avandoned cottage in rural western Taiwan. It’s believed the oil boss, worth an estimated £1.7billion, was abducted in September.