TAIPEI, July 22 (Reuters) - Taiwan's state-owned energy
company CPC Corp said it is not in talks for "specific" shale
gas fields in the United States, but it does not rule out any
prospective partners and will make the most favourable decision
based on its own evaluations.
CPC is in early stage discussions to buy shale-gas
producing assets in the United States, three sources familiar
with the matter told Reuters earlier this month, in a bid to
secure natural gas supplies to fuel Taiwan's economy.
In a statement late on Monday, CPC said U.S. shale gas has
long been an important target area for the company because of
its high quality, mature extraction technology and favourable
investment environment.
"CPC will not rule out any prospective partners and will
make the most favourable decision based on the evaluation
results," it said.
"As for reports that CPC is in the process of discussing the
acquisition of specific shale gas fields in the United States,
that is not true," the company added, without elaboration.
Taiwan has pledged to increase its purchase of energy from
the United States as a way of reducing its yawning trade surplus
and head off tariffs.
In March, CPC signed an agreement with Alaska Gasline
Development Corp to buy LNG and invest in the Alaska LNG project
which will transport gas south from Alaska's remote north via
pipeline, to be shipped as LNG to Taiwan, Japan and South Korea.