Taiwan sees rising crude oil imports, falling LNG

By FANNY LIU

TAIPEI--Taiwan's crude-oil imports in June rose 18.2% from a year earlier and increased 13.6% from the previous month to 25.53 million barrels, the Bureau of Energy said Friday.

The country's two refiners, government-owned CPC Corp. and privately run Formosa Petrochemical, refined a combined 3.76 million kiloliters of crude oil, up 4.26% from a year earlier, the bureau said in a monthly report.

Refinery utilization fell to 62.54% in June from 66.08% in the previous month, it said.

Meanwhile, Taiwan's imports of liquefied natural gas fell 4.9% in June from a year earlier, according to data issued Friday.

Taiwan, one of Asia's largest LNG importers, imported 1.55 billion cubic meters of LNG in June, down from 1.63 billion cubic meters a year earlier, but up 5.4% from the previous month's 1.47 billion cubic meters, according to the bureau.


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