Taipei: Minister of Economic Affairs Kung Ming-hsin assured the public Monday that Taiwan's natural gas supply will be sufficient through April, as the country has secured almost all the necessary shipments to replenish inventories.

According to Focus Taiwan, Kung stated that Taiwan's supply for March and April requires 22 liquefied natural gas (LNG) shipments. Currently, 20 have been secured, with the remaining two still under negotiation and expected to be confirmed soon.

Kung also addressed recent rumors about a potential natural gas shortage in Taiwan, categorically dismissing them as unfounded. He emphasized that Taiwan maintains a diversified natural gas supply, with approximately one-third sourced from Qatar and the remaining 60-70 percent from other locations, ensuring a robust supply structure.

He mentioned that securing 20 LNG shipments within a short period demonstrates the country's proactive measures. Although he did not specify the origins of these shipments, Kung urged the public to remain confident in the government's capabilities.

Regarding concerns about residential gas use, particularly for hot showers, Kung reassured that household consumption represents less than 5 percent of total gas usage and will not pose an issue.

Looking beyond April, Kung highlighted the government's commitment to monitoring the global supply and demand dynamics. He expressed optimism that the situation would improve as global gas demand decreases.

Addressing potential cost implications for April's LNG supplies amid Middle Eastern conflicts, Kung noted that prices might rise if procured from the spot market but would remain stable if delivery schedules are adjusted proactively. He acknowledged that rising energy prices and geopolitical tensions present challenges globally, not just for Taiwan.