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TAIWAN'S CPC CORP HIKES LNG PRICES.
TAIPEI, June 1 Asia Pulse - The state-run CPC Corp., Taiwan announced Thursday that domestic prices of liquefied natural gas (LNG) have been raised by 2.99 per cent on average.
The price hike was attributed to LNG price increases in the international market, CPC officials explained, noting that the cost of LNG imports stood at NT$12.8 (US$0.4) per cubic meter in May, up from the average level of NT$11.3 per cubic meter in the first four months of this year.
LNG users, including local gas suppliers and those in the industrial, power generation and cogeneration sectors, will all be affected by the price hike, the CPC said.
Under the adjustment, the price of LNG for the industrial sector (combined with locally-produced and imported natural gas) has been ...
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