(in North Asia)



AREA (on): 36,000 km2

OIL PEAK: 1987


In Taiwan production from a number of small onshore oil fields has been declining since 1987. Some new potential may exist in the Tainan Strait between China and Taiwan (now being jointly explored in a co-operative agreement) and production is forecast to begin here, perhaps in 2010.

Output of onshore gas stabilised through the 1990s but, with few new prospects identified, it is expected to begin to decline from its current modest levels although new developments offshore may sustain or even increase overall indigenous levels.



China-Taiwan is a significant importer of oil and of LNG. Imports of both are expected to grow after the slight dip in 2009, as the Asian economies expand. However oil use will begin to be constrained by higher prices after 2015.





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