
AI-generated summary
U.S. President Trump announced that Taiwan has agreed to purchase 30% of the natural gas from Alaska’s LNG project over the next 20 years and invest an additional US$4.4 billion. Chief Executive Officer Toh Wing-tai stressed the government's commitment to stabilizing domestic energy supply. Xu Yuzhen, secretary-general of the Kuomintang League, questioned the government's acceptance of all U.S. requests and demanded that the complete assessment report be sent to Congress for strict review. The Executive Yuan also proposed an additional budget to compensate for the price difference between Taipower and PetroChina and to increase capital in PetroChina.
Trump said Taiwan would invest in the Alaska natural gas project, and the Kuomintang group demanded that a complete assessment report be sent to Congress for strict review. (Photo by reporter Cong Changjin)
U.S. President Trump recently stated that Taiwan has agreed to purchase 30% of the natural gas for the Alaska Liquefied Natural Gas (LNG) pipeline project in the next 20 years and invest an additional US$4.4 billion. Executive President Toh Wing-tai said today (14th) that the government continues to work hard to stabilize the supply of domestic energy and hopes that everyone can also support relevant state-owned units. In this regard, Xu Yuzhen, secretary-general of the Kuomintang League, said that the Lai government cannot accept all the U.S. requests, but should send a complete assessment report to Congress for strict review.
Foreign media reported that Trump said at a rally in Alaska that Taiwan has agreed to purchase 30% of the natural gas for the Alaska Liquefied Natural Gas (LNG) pipeline project in the next 20 years and will invest an additional US$4.4 billion to ensure the completion of the LNG project.
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Xu Yuzhen said that of course he supports the diversified investment in natural gas. What is ridiculous is that the government wants to purchase 30% of natural gas from the United States and will invest an additional US$4.4 billion. The Taiwanese people and Congress only found out after watching Trump’s campaign. The Lai government promotes energy security internally, but externally it does not even know the procurement conditions and risks. Whether the 30% of natural gas refers to production or import demand, and the details of the US$4.4 billion purchase, Congress is completely unaware of it.
Xu Yuzhen emphasized that the Lai government cannot accept all the United States' demands. Instead, it should send a complete assessment report to Congress for strict review. The Lai government must not be allowed to put national interests on the negotiating table but leave the bill to the Taiwanese people.
In addition, the Executive Yuan will propose an additional budget, allocating 180.9 billion yuan to cover the price difference absorbed by Taipower, PetroChina and related oil companies this year, and planning to increase capital of 233.8 billion yuan in China National Petroleum Corporation. Xu Yuzhen pointed out that after Zhuo Rongtai completes the supplementary budget report, Congress will start a review. If it is reasonable and necessary, the Kuomintang group will definitely support it. However, projects such as the freeze increase and capital increase of PetroChina can obviously be reviewed in the 2016 budget. Why must they be shoehorned into the supplementary budget? Please ask the DPP and Zhuo Kui to make it clear to the outside world.
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AI outlook — possibilities, not facts
Congress will start a review after Zhuo Rongtai completes the supplementary budget report, and the Kuomintang group will decide whether to support or oppose it based on the rationality of the report.
Likely · Within weeks
The Executive Yuan will be forced to disclose more details of the LNG purchase agreement, including the definition of 30% natural gas and the payment terms of US$4.4 billion
Possible · Within weeks

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