Taiwan poised for major shake-up in energy policy, CPC role

Energy market liberalization has already occurred in Taiwan's refining-marketing sector, where state-owned Chinese Petroleum Corp. has new competition for its refineries, such as this one at Kaohsiung. Photo courtesy of CPC.Click here to enlarge imageAfter a presidential election that marks a major political and economic watershed, Taiwan is poised to make major changes in its energy policy, opening up the natural gas and power markets and reducing the role of the state-owned oil and gas monopoly Chinese Petroleum Corp. (CPC). Both initiatives are controversial policies of the previous Koumintang government of former Pres. Lee Teng-hui, and implementing them will be at least as chal...

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