Taiwan Looks To Replace Nuclear Power With LNG
By Josh Owens - Mar 17, 2023, 1:00 PM CDT - Taiwan is phasing out nuclear power generation by 2025 and replacing it with LNG
- Taiwan has closed its Kuosheng nuclear power plant this week and there are two remaining reactors set to be shut down in 2024 and 2025
- Japan is revising its policy on nuclear energy generation post-Ukraine, allowing the development of new reactors and extending operation of existing ones
![]()
Taiwan is buying more LNG for delivery over the next year as it closed a nuclear reactor and is set to phase out nuclear power generation by 2025.
Taiwan’s CPC Corp bought via a tender this week at least 10 cargoes of LNG to be delivered between May this year and March next year, traders familiar with the deals told Bloomberg on Friday.
The LNG purchases are also part of Taiwan’s strategy to procure more gas to offset the decline in nuclear power generation, according to the traders.
This week, Unit 2 of Taiwan’s Kuosheng nuclear power plant was taken offline and will be decommissioned following the expiry of its 40-year operating license. There are now two remaining nuclear reactors operating in Taiwan at the Maanshan nuclear power plant. Those reactors are expected to be shut down in 2024 and 2025.