Market Chatter: Taiwan Proposes Funding Package to Secure LNG Supplies Amid Middle East Conflict
MT Newswires Live
Sep 03
Taiwan has proposed funding of more than $13 billion for its state-run energy companies to secure LNG supplies and protect electricity users when a price freeze expires at the end of September, Bloomberg reported Thursday.
The cabinet has finalized a supplementary budget which includes a NT$234 billion capital injection and additional subsidies of around NT$100 billion, the report said.
The package is designed to help offset rising fuel costs due to the war in the Middle East, the report noted.
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