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    Taiwan, China Oil & Gas SWOT


    May 27, 2022 - Fitch Solutions Sector Intelligence

     

      THIS COMMENTARY IS PUBLISHED BY FITCH SOLUTIONS COUNTRY RISK & INDUSTRY RESEARCH and is NOT a comment on Fitch Ratings' Credit Ratings. Any comments or data are solely derived from Fitch Solutions Country Risk & Industry Research and independent sources. Fitch Ratings analysts do not share data or information with Fitch Solutions Country Risk & Industry Research.

      Taiwan, China Oil & Gas SWOT

      • 15 Feb 2022
      • Taiwan
      • Oil & Gas
      SWOT Analysis

      Strengths

      • A large, sophisticated refining sector that can meet growing regional demand for refined products, notably low-sulphur marine fuel and petrochemicals products.
      • A relatively transparent business environment.
      • Constructive outlook for the economy, as reshoring of domestic companies and expansion of large tech firms set to boost employment and private consumption.

      Weaknesses

      • Limited domestic hydrocarbon reserves render Taiwan, China reliant on oil and gas imports for nearly all of its energy requirements.
      • The domestic fuel market is mature and thus offers limited scope for significant incremental growth opportunities.

      Opportunities

      • The market's reorientation of its energy policies towards natural gas and renewables will boost the shares of both in the domestic energy mix.
      • Successful privatisation of CPC Corporation could increase competition in the oil and gas sector and attract investor interest.
      • Signing of more bilateral trade agreements should open up more markets for Taiwan, China's exports.

      Threats

      • Growing competition in the regional refined fuels exports market could see refiners in Taiwan, China struggle to maintain market share.
      • Gas consumption will be constrained if expansion of its LNG import capacity does not take place.
      This report from Fitch Solutions Country Risk & Industry Research is a product of Fitch Solutions Group Ltd, UK Company registration number 08789939 ('FSG'). FSG is an affiliate of Fitch Ratings Inc. ('Fitch Ratings'). FSG is solely responsible for the content of this report, without any input from Fitch Ratings.

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