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Budget agency yet to discuss funding for CPC's Alaska LNG investment
Posted on 2026-10-22 08:26:13
The Directorate-General of Budget, Accounting and Statistics says his agency
has not yet to discussed funding for C-P-C's planned investment in an Alaska
liquefied natural gas project.

According to Chen Shu-tzu, her agency has not been consulted, as negotiations
on the project are ongoing.

Speaking at a legislative hearing, Chen told lawmakers that whether funding
will come through the annual budget or a special budget will depend on
C-P-C's financial structure.

She also denied that a proposed 233.8-billion N-T capital injection into the
state refiner was aimed at financing the Alaska deal.

The Ministry of Economic Affairs announced last week that C-P-C planned to
invest up to 4.4-billion U-S dollars in the project and purchase 6 million
metric tons of L-N-G annually once production begins.

The ministry said deliveries could start as early as 2032 if the project's
development proceeds on schedule.

Economics minister Kung Ming-hsin has said the Alaska partnership will
diversify Taiwan's L-N-G supplies and strengthen energy security, as direct
shipments across the Pacific will provide an alternative supply route that
could help reduce geopolitical risks.

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