Close Menu
  • Home
  • Market News
    • Crude Oil Prices
    • Brent vs WTI
    • Futures & Trading
    • OPEC Announcements
  • Company & Corporate
    • Mergers & Acquisitions
    • Earnings Reports
    • Executive Moves
    • ESG & Sustainability
  • Geopolitical & Global
    • Middle East
    • North America
    • Europe & Russia
    • Asia & China
    • Latin America
  • Supply & Disruption
    • Pipeline Disruptions
    • Refinery Outages
    • Weather Events (hurricanes, floods)
    • Labor Strikes & Protest Movements
  • Policy & Regulation
    • U.S. Energy Policy
    • EU Carbon Targets
    • Emissions Regulations
    • International Trade & Sanctions
  • Tech
    • Energy Transition
    • Hydrogen & LNG
    • Carbon Capture
    • Battery / Storage Tech
  • ESG
    • Climate Commitments
    • Greenwashing News
    • Net-Zero Tracking
    • Institutional Divestments
  • Financial
    • Interest Rates Impact on Oil
    • Inflation + Demand
    • Oil & Stock Correlation
    • Investor Sentiment

Subscribe to Updates

Subscribe to our newsletter and never miss our latest news

Subscribe my Newsletter for New Posts & tips Let's stay updated!

What's Hot

African Energy Chamber condemns Greenpeace for ‘calculated attacks’ to hinder energy development

July 8, 2025

PNGRB plans petroleum products exchange, Energy News, ET EnergyWorld

July 8, 2025

Elon Musk Loses $15 Billion in Net Worth After Tesla Stock Sinks

July 8, 2025
Facebook X (Twitter) Instagram Threads
Oil Market Cap – Global Oil & Energy News, Data & Analysis
  • Home
  • Market News
    • Crude Oil Prices
    • Brent vs WTI
    • Futures & Trading
    • OPEC Announcements
  • Company & Corporate
    • Mergers & Acquisitions
    • Earnings Reports
    • Executive Moves
    • ESG & Sustainability
  • Geopolitical & Global
    • Middle East
    • North America
    • Europe & Russia
    • Asia & China
    • Latin America
  • Supply & Disruption
    • Pipeline Disruptions
    • Refinery Outages
    • Weather Events (hurricanes, floods)
    • Labor Strikes & Protest Movements
  • Policy & Regulation
    • U.S. Energy Policy
    • EU Carbon Targets
    • Emissions Regulations
    • International Trade & Sanctions
  • Tech
    • Energy Transition
    • Hydrogen & LNG
    • Carbon Capture
    • Battery / Storage Tech
  • ESG
    • Climate Commitments
    • Greenwashing News
    • Net-Zero Tracking
    • Institutional Divestments
  • Financial
    • Interest Rates Impact on Oil
    • Inflation + Demand
    • Oil & Stock Correlation
    • Investor Sentiment
Oil Market Cap – Global Oil & Energy News, Data & Analysis
Home » Taiwan Plans Referendum on Nuclear Energy Reversal
OPEC Announcements

Taiwan Plans Referendum on Nuclear Energy Reversal

omc_adminBy omc_adminMay 26, 2025No Comments2 Mins Read
Share
Facebook Twitter Pinterest Threads Bluesky Copy Link


Taiwan will hold in August a referendum on whether the just-shuttered last nuclear reactor should be restarted once safety checks are completed, in a major reversal of the country’s policy amid energy security concerns. 

Taiwan, which is being threatened by China with Beijing claiming it is a “sacred and inseparable part of China’s territory”, has decided to phase out its nuclear reactors by this year. 

Taiwan’s Democratic Progressive Party elected in January 2016, and re-elected in 2020, has a policy of phasing out nuclear power by the end of 2025.   

Taiwan shut its last nuclear reactor, Maanshan, earlier this month. 

Since 2018, Taiwan has shut down four other nuclear reactors and cancelled construction of two others following a referendum in 2021. 

However, pro-nuclear opposition parties have submitted a motion for a referendum to restart the Maanshan nuclear reactor if thorough inspections find that it is safe to do so. 

Taiwan’s Central Election Commission has approved the proposal for the referendum which will be held on August 23. 

“This referendum proposal is about energy policy, and it is about whether the third nuclear power plant, which stopped operating on 17 May 2025, should be put to a referendum to decide whether to continue operating,” the commission said.

Earlier this month, Taiwan’s Parliament amended the country’s nuclear power act to allow plant operators to apply for a 20-year license renewal beyond the existing 40-year limit. This legislative amendment effectively opens the door to restarting nuclear power plants in the country. 

Still, even if the referendum to reverse the phase-out is successful, safety checks will take at least three years—therefore, the Maanshan reactor will not be reactivated soon. 

Taiwan is looking to bolster its energy security – and to reduce its trade surplus with the United States – by pledging to buy more U.S. oil and gas. 

Earlier this year, Taiwan’s state-held oil and gas company CPC Corporation signed a letter of intent to invest in the $44-billion Alaska LNG export project in the U.S. and buy LNG from it. But as Taiwan saw firsthand, commitments and contracts to buy more U.S. energy will not necessarily spare any buyer from tariffs. 

By Tsvetana Paraskova for Oilprice.com

More Top Reads From Oilprice.com



Source link

Share. Facebook Twitter Pinterest Bluesky Threads Tumblr Telegram Email
omc_admin
  • Website

Related Posts

Oil Climbs 2% as Houthi Rebels Hit Second Greek Vessel in Red Sea

July 7, 2025

Iraq Lifts Oil Output by 80,000 bpd Across Three Key Fields

July 7, 2025

Cyprus Confirms 350-Meter Gas Column in ExxonMobil’s Pegasus-1 Well

July 7, 2025
Add A Comment
Leave A Reply Cancel Reply

Top Posts

LPG sales grow 5.1% in FY25, 43.6 lakh new customers enrolled, ET EnergyWorld

May 16, 20255 Views

South Sudan on edge as Sudan’s war threatens vital oil industry | Sudan war News

May 21, 20253 Views

Trump’s 100 days, AI bubble, volatility: Market Takeaways

December 16, 20072 Views
Don't Miss

African Energy Chamber condemns Greenpeace for ‘calculated attacks’ to hinder energy development

By omc_adminJuly 8, 2025

Environmental advocate group Greenpeace has spoken out against the African Energy Chamber (AEC) and Africa’s…

Eni and Algeria’s Sonatrach sign new $1.35 billion production sharing contract

July 7, 2025

bp appoints former Shell CFO Simon Henry to board

July 7, 2025

Draeger Marine & Offshore supports UK’s first offshore CO2 injection

July 7, 2025
Top Trending

Melting glaciers and ice caps could unleash wave of volcanic eruptions, study says | Climate crisis

By omc_adminJuly 7, 2025

Ted Cruz ensured Trump spending bill slashed weather forecasting funding | Texas floods 2025

By omc_adminJuly 7, 2025

Texas’s Camp Mystic confirms 27 children and counsellors died in floods | Texas floods 2025

By omc_adminJuly 7, 2025
Most Popular

The 5 Best Soundbars of 2025

May 6, 20251 Views

Energy Department Lifts Regulations on Miscellaneous Gas Products

May 2, 20251 Views

Elon Musk Loses $15 Billion in Net Worth After Tesla Stock Sinks

July 8, 20250 Views
Our Picks

Shell Says Weak Oil and Gas Trade Hit 2Q Profit

July 7, 2025

Oil Gains on Saudi Price Hike

July 7, 2025

Valaris secures multi-year contract for drillships in U.S. Gulf

July 7, 2025

Subscribe to Updates

Subscribe to our newsletter and never miss our latest news

Subscribe my Newsletter for New Posts & tips Let's stay updated!

Facebook X (Twitter) Instagram Pinterest
  • Home
  • About Us
  • Advertise With Us
  • Contact Us
  • DMCA
  • Privacy Policy
  • Terms & Conditions
© 2025 oilmarketcap. Designed by oilmarketcap.

Type above and press Enter to search. Press Esc to cancel.