OECD Asia · TWN
Taiwan
A semiconductor island on imported LNG and coal. Nuclear is the political fight.
Oil production
0.0 mb/d
1.0 mb/d demand
Net oil
-1.0 mb/d
Import gap
Gas production
0 bcm
Net -27 bcm
O&G rent
0.0%
Share of GDP
Oil balance
Production versus demand, 2025, million barrels per day.
Production0.0 mb/d
Consumption1.0 mb/d
Gas balance
Production versus demand, 2025, billion cubic metres.
Production0.2 bcm
Consumption27 bcm
Proven oil
0 bn bbl
Gas reserves
0.0 tcm
Refining
1.2 mb/d
LNG
21 bcm import
Hydrocarbon mix
Oil versus gas in this country’s oil-and-gas demand (oil-equivalent).
- Oil51%
- Gas49%
Economy
TSMC load is a national-security kWh. JKM spikes pass straight into the foundry bill.
- GDP
- $0.8 tn
- Population
- 23.4 m
- Oil intensity
- 0.5 bbl /$1k
- Oil & gas rent
- 0.0% GDP
- Hydrocarbon trade
- 5.4% GDP
- Fiscal breakeven
- —
- $30 oil shock
- -14.0 pp GDP
- Club
- Independent
Projected oil demand
Regional IEA WEO 2025 oil pathways applied to this country’s 2025 baseline. STEPS 2035 demand 0.9 mb/d (net -0.9) versus NZE 0.5 mb/d (net -0.5).
| Scenario | 2025 | 2030 | 2035 | 2050 |
|---|---|---|---|---|
| Stated Policies | 1.0 | 0.9 | 0.9 | 0.7 |
| Net Zero 2050 | 1.0 | 0.8 | 0.5 | 0.2 |
| Current Policies | 1.0 | 1.0 | 0.9 | 0.7 |