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Opinion
China Taiwan US
Shi Weijun
Beijing
11 August 2022
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Letter from China: Taiwan tensions expose energy risks

China’s heavy reliance on energy imports means it too would be vulnerable in the event of armed confrontation

The US and China managed to avoid armed confrontation last week after House Speaker Nancy Pelosi’s visit to Taiwan, but the highly charged incident underlined the risks to global energy security should a war break out between the world’s two superpowers over what Beijing calls its “renegade province”. No issue has the potential to sour US-China relations more than Taiwan, which Beijing considers part of its territory and wants to reclaim—by force if necessary. Tensions were high as the US Air Force jet carrying Pelosi landed in Taiwan’s capital of Taipei last Tuesday, marking the first visit to the democratically ruled island by a House speaker in 25 years. Pelosi met Taiwanese leaders inclu

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Also in this section
Shale drillers try to stay patient amid gas price slump
22 March 2023
Producers resist urge to respond too quickly to gas price trends
US drilling to climb as supply disruption continues
22 March 2023
Although spending will decelerate in North America, the 2023 forecast for an 18pc increase follows a near-record 44pc in 2022. US drilling will increase by 8.2pc, with total footage forecast to climb 8.7pc, to 290mn ft³ of hole
Willow approval may be turning point that fails to turn
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Development expected to produce equivalent of up to 40pc of Alaskan daily production but is unlikely to herald a new age of megaprojects
Crude tanker market outlook remains strong
20 March 2023
Ukraine fallout continues to elevate tanker demand while restricting vessel availability

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