The recent military exercises reportedly conducted by China near Taiwan have raised concerns about the island’s energy security and the chip industry, prompting Taipei and Washington to take immediate action.
Taiwan Rethinks Energy Strategy Amid Chinese Blockade Threats
Taiwan is heavily reliant on imported fuel, particularly liquefied natural gas (LNG), for its energy needs. Recent Chinese military drills have demonstrated how easily Taiwan could be isolated and crippled by cutting off its energy supply, reported The Wall Street Journal.
This has prompted Taiwan and the U.S. to take immediate action. Taiwan, which imports 97% of its energy by sea, is now looking to bolster its energy storage and reconsider its energy mix. The island is also considering a return to nuclear …