Taiwan Looks To Replace Nuclear Power With LNG

Taiwan is buying more LNG for delivery over the next year as it closed a nuclear reactor and is set to phase out nuclear power generation by 2025.  Taiwan’s CPC Corp bought via a tender this week at least 10 cargoes of LNG to be delivered between May this year and March next year, traders familiar with the deals told Bloomberg on Friday.  The LNG purchases are also part of Taiwan’s strategy to procure more gas to offset the decline in nuclear power generation, according to the traders.  This week, Unit 2 of Taiwan’s…