- Taiwan finalized a supplementary budget exceeding $13 billion to fund state-run energy companies, secure LNG and protect electricity users when its price freeze expires.
- Taiwan’s package includes a NT$234 billion capital injection and more than NT$100 billion in subsidies for CPC Corp., its LNG importer for power generation.
- Bangladesh approved an early-October LNG cargo from BP at $28.03 per million British thermal units, the country’s most expensive gas purchase since 2022.
- European natural gas prices steadied after Donald Trump indicated that US military action against Iran would not be prolonged, supporting hopes of renewed regional energy flows.
Quotes
“Taiwan has proposed more than $13 billion in funding, mainly for its state-run energy companies, to secure liquefied natural gas and shield electricity users when a price freeze expires at the end of the month.”
“Bangladesh was forced to pay the most for liquefied natural gas than it has in about four years, threatening to drive up energy costs as the government scrambles to contain rolling blackouts.”
“Europe’s natural gas rally took a breather as US President Donald Trump appeared to rule out prolonged military action in the Middle East, raising hopes for renewed talks on recovering energy flows from the region.”