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July 24, 2017

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Gov't interested in forging Russia energy ties: official

VLADIVOSTOK, Russia--Taiwan is interested in talking with resource-rich Russia about forging cooperation ties in the energy sector, Economics Minister Shih Yen-shiang said yesterday.

Taiwan had thought of importing crude oil and natural gas from Russia in the past, Shih said after attending the first round of talks at a 2012 ministerial meeting of the Asia-Pacific Economic Cooperation (APEC) forum that opened earlier in the day in Vladivostok, Russia.

"The possibility exists" that the government talks with Russia about forging a cooperation relationship in the energy resource sector, he added.

Shih explained that Taiwan's current energy supply mostly comes from countries in the Middle East and Africa, but in the future, the country's energy supply may also come from the north such as Russian Far East, or from Pacific Ocean locations.

Securing more energy resource suppliers will not only offer Taiwan greater energy security, but will also give Taiwan a stronger foundation from which to conduct price negotiations, the minister said.

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