Business & Finance
Taiwan to close Papua New Guinea office and halt spot-market LNG purchases
Key Points
Taiwan will close its representative office in Papua New Guinea later this month after the Pacific island country repeatedly demanded its closure, citing its “one-China policy”. The withdrawal will cut off Taiwanese technical assistance and end decades of cooperation with PNG, including halting spot-market purchases of the country’s liquefied natural gas (LNG) – a move Taipei said could deal a blow to the nation’s export earnings. “It is deeply regrettable that, under pressure from [Beijing],...
Taiwan will close its representative office in Papua New Guinea later this month after the Pacific island country repeatedly demanded its closure, citing its “one-China policy”.
The withdrawal will cut off Taiwanese technical assistance and end decades of cooperation with PNG, including halting spot-market purchases of the country’s liquefied natural gas (LNG) – a move Taipei said could deal a blow to the nation’s export earnings.
“It is deeply regrettable that, under pressure from [Beijing],...