22 Hrs
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الشرق اللبنانية
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The Chip Island's role in safeguarding the global economy from a gas crisis
An article reveals Taiwan's ability to protect its vital position in the chip industry from the gas crisis caused by Iran's war. This is achieved through its exceptional financial strength, which allows it to purchase liquefied gas at high prices and store it sparingly. Despite its heavy reliance on imports—over 42% of its electricity depends on gas—and its limited LNG storage capacity of less than 12 days, Taiwan's substantial investments and financial reserves enable it to weather the crisis without interruptions that would lead to significant losses. Securing gas supplies is considered essential for maintaining the semiconductor sector, which accounts for about one-fifth of its GDP and directly impacts the global economy. Taiwan is also working to increase its storage capacity to prevent such crises in the future.
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