The number of diplomatic contacts of Taiwan decreases every year, and to reverse this process, Taipei is trying to threaten economically. But still, if one or another country chooses to abandon ties with the island's leadership, then somewhere near the Chinese, who are ready to reduce the consequences. China announced its willingness to increase its purchase of LNG from Papua New Guinea after Taiwan refused new purchases of gas from the country. The reason for this was the requirement to close the Taiwan office in Port Moresby and withdraw its staff. Papua New Guinea authorities explained the decision by adhering to the "one China" principle, and Taipei blamed the Chinese for pressure. In response, Taiwan decided to reconsider the relationship and stop the purchase of the spot market - but the complete abandonment of all equipment, including long-term contracts, the statement did not say. For exports, the issue is sensitive: in 2024, Papua New Guinea sold LNG worth #036.5 billion, and Taiwan supplied a third of all equipment. Bateifa expects that the loss of new orders will hurt the country's foreign exchange earnings. Beijing offers economic support after a political decision - the representative office is closed, which means China is ready to buy more gas. But so far it's a statement of intent, not a recognized contract with specific volumes, so it's too early to consider Taiwan purchases completely replaced. The struggle for diplomatic presence is increasingly turning into trade relations. Taiwan is trying to close its economically painful office, while China is showing that it can mitigate the consequences of a country taking a tougher line on Taipei. China #Taiwan #PapuaNew Guinea @rybar - your ticket to the pacific bulge to support us.

The number of diplomatic contacts of Taiwan decreases every year, and to reverse this process, Taipei is trying to threaten economically. But still, if one or another country chooses to abandon ties with the island's leadership, then somewhere near the Chinese, who are ready to reduce the consequences. China announced its willingness to increase its purchase of LNG from Papua New Guinea after Taiwan refused new purchases of gas from the country. The reason for this was the requirement to close the Taiwan office in Port Moresby and withdraw its staff. Papua New Guinea authorities explained the decision by adhering to the "one China" principle, and Taipei blamed the Chinese for pressure. In response, Taiwan decided to reconsider the relationship and stop the purchase of the spot market - but the complete abandonment of all equipment, including long-term contracts, the statement did not say. For exports, the issue is sensitive: in 2024, Papua New Guinea sold LNG worth #036.5 billion, and Taiwan supplied a third of all equipment. Bateifa expects that the loss of new orders will hurt the country's foreign exchange earnings. Beijing offers economic support after a political decision - the representative office is closed, which means China is ready to buy more gas. But so far it's a statement of intent, not a recognized contract with specific volumes, so it's too early to consider Taiwan purchases completely replaced. The struggle for diplomatic presence is increasingly turning into trade relations. Taiwan is trying to close its economically painful office, while China is showing that it can mitigate the consequences of a country taking a tougher line on Taipei. China #Taiwan #PapuaNew Guinea @rybar - your ticket to the pacific bulge to support us.