Oil Security and Stability

To enhance the stability of oil supply and reduce the risk of high oil dependence in Taiwan, strategic petroleum reserve is necessary. According to Article 24 of the Petroleum Administration Act, the government should maintain a strategic oil stockpile of no less than 30 days of the nation’s average daily sales and consumption. Our main responsibilities are to assist authorities in managing government-owned strategic petroleum reserve, develop relevant strategies and conduct research on the experiences of foreign countries.

To improve the operating efficiency of the domestic Liquefied Petroleum Gas (LPG) industry, the “LPG Industry Counseling and Inspecting Program Office” assists the government in managing the LPG industry and provides guidance and coaching services to the industry.
The primary achievements are as follows:
1.Inspection of LPG flows and refilling quantities in cylinders
2.Construction of the “LPG Supply and Sale Declaration System” website
3.Investigations on relevant regulations, laws and other cases

Due to the long transportation distance, the retail prices of petroleum products in remote, aboriginal, and offshore areas are comparatively higher, bringing negative impacts on residents’ livelihood. In order to fulfill local energy demand in those areas, we focus on developing an energy policy framework which strives to execute the subsidization of petroleum facilities and transportation outlays. Our main responsibilities are as follows:
1. Announcement of subsidy projects
2. Management of subsidy applications
3. Amendment on related regulations and laws