Taiwan to stop buying PNG gas on spot market over 'One China' spat
Taiwan has suspended some liquefied natural gas purchases from Papua New Guinea as part of an escalating diplomatic dispute over the future of its representative office in Port Moresby. The move shows the tension between the two spilling over into energy trade.
The Taiwanese government has decided to halt spot-market purchases of liquefied natural gas sourced from Papua New Guinea amid an ongoing dispute over the status of its representative office in the PNG capital, Port Moresby. The rift stems from diplomatic sensitivities tied to the 'One China' principle.
Taiwanese officials say the move does not affect long-term supply contracts and applies only to spot-market purchases. Analysts nonetheless describe it as a clear sign that tension between the two sides is spilling over into trade.
Papua New Guinea's government has yet to issue an official response, while regional analysts are watching closely how the dispute could affect the broader diplomatic balance in the Pacific. Energy market observers are also watching whether Taiwan turns to alternative LNG suppliers.
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