Taiwan Closes PNG Office and Halts LNG Purchases
Taiwan has closed its representative office in Papua New Guinea and halted all purchases of liquefied natural gas. The move follows mounting diplomatic pressure from Beijing, significantly impacting the island nation's gas exports.
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Taiwan shut its representative office in Papua New Guinea and halted spot Natural Gas imports, citing pressure from China on Friday afternoon. The decision strips Taiwan of a key diplomatic outpost in the Pacific region. The halt in energy procurement cuts off a market that absorbed roughly a third of Papua New Guinea's total gas exports.
