--- title: "Costly winter gas purchases will push CPC’s accumulated losses to about NT$127.6 billion by the end of 2026" description: "On 6 November, China National Petroleum Corporation signed US$18.8bn in crude purchase agreements at Shanghai’s import expo. The deals included Aramco, Petrobras and TotalEnergies. Chinese majors are " url: "https://bilby.ai/predictions/p/209/costly-winter-gas-purchases-will-push-cpc-s-accumulated-losses-to-about-nt-127-6" markdown: "https://bilby.ai/predictions/p/209/costly-winter-gas-purchases-will-push-cpc-s-accumulated-losses-to-about-nt-127-6.md" index: "https://bilby.ai/llms.txt" --- > For agents: Bilby answers questions about what governments do, from documents collected at source and checked by research analysts. To ask Bilby yourself, connect to its MCP server at https://pulse.bilby.ai/mcp (setup: https://docs.bilby.ai/developers/mcp-server). Every page on this site is also markdown: add .md to its address, or send Accept: text/markdown. https://bilby.ai/llms.txt lists them all. # Costly winter gas purchases will push CPC’s accumulated losses to about NT$127.6 billion by the end of 2026 - **Made:** 9 Nov 2026 - **By:** Owen Bae - **Market:** China - **First reported by:** Xinhua - **Outcome:** Unresolved On 6 November, China National Petroleum Corporation signed US$18.8bn in crude purchase agreements at Shanghai’s import expo. The deals included Aramco, Petrobras and TotalEnergies. Chinese majors are securing long-term supplies, while Taiwan remains heavily dependent on the spot market – spot purchases account for 60–65% of its gas supply. CPC and Taipower are likely to lose the winter fight for spot LNG to Chinese state buyers. Taipower's 2026 fuel bill is up more than NT$160 billion, and the NT$71.1 billion subsidy still leaves a gap above NT$80 billion. Legislators have already refused three NT$100 billion funding requests leaving Taiwan’s state owned petroleum company CPC to lose about NT$10 billion more each month. First reported by [Xinhua](http://www.news.cn/energy/20261106/3f5ec34e6c73431d85664c98c83d60a6/c.html) ![Tighter winter LNG supply could raise CPC’s fuel costs and push accumulated losses to about NT$127.6 billion by end-2026.](https://cms.bilby.ai/api/media/file/adt-2026-11-09-prediction-209-mailchimp.png?prefix=cms-media) [Ask Bilby about this prediction](https://pulse.bilby.ai/?prompt=Costly%20winter%20gas%20purchases%20will%20push%20CPC%E2%80%99s%20accumulated%20losses%20to%20about%20NT%24127.6%20billion%20by%20the%20end%20of%202026) ## Ask Bilby about it Carry the prediction into a question: what has changed since, who decides, and who is exposed. - [What has changed since it was made?](https://pulse.bilby.ai/?prompt=What%20has%20changed%20since%20Bilby%20predicted%20this%3F%20Costly%20winter%20gas%20purchases%20will%20push%20CPC%E2%80%99s%20accumulated%20losses%20to%20about%20NT%24127.6%20billion%20by%20the%20end%20of%202026) - [Who decides whether it happens?](https://pulse.bilby.ai/?prompt=Who%20decides%20whether%20this%20happens%3F%20Costly%20winter%20gas%20purchases%20will%20push%20CPC%E2%80%99s%20accumulated%20losses%20to%20about%20NT%24127.6%20billion%20by%20the%20end%20of%202026) - [Who gains and who loses if it does?](https://pulse.bilby.ai/?prompt=Who%20gains%20and%20who%20loses%20if%20this%20happens%3F%20Costly%20winter%20gas%20purchases%20will%20push%20CPC%E2%80%99s%20accumulated%20losses%20to%20about%20NT%24127.6%20billion%20by%20the%20end%20of%202026) ## More from China 37 predictions on China so far, newest first. - 6 Nov 2026 · [Nvidia is likely to win additional computing orders by the end of 2027.](https://bilby.ai/predictions/p/208/nvidia-is-likely-to-win-additional-computing-orders-by-the-end-of-2027) · Unresolved - 5 Nov 2026 · [China’s IPO restrictions will redirect billions of yuan towards private financing.](https://bilby.ai/predictions/p/205/china-s-ipo-restrictions-will-redirect-billions-of-yuan-towards-private-financin) · Unresolved - 4 Nov 2026 · [German chemicals producer BASF is likely to announce a new multi-year supply contract in China from Zhanjiang by the end of 2027.](https://bilby.ai/predictions/p/202/german-chemicals-producer-basf-is-likely-to-announce-a-new-multi-year-supply-con) · Unresolved [All 37 from China](https://bilby.ai/predictions/log?tag=china) · Marked true or false when each resolves ## See what we’re seeing next. New predictions in the Asia Daily Take, free every weekday, and in Bilby whenever you have a question. [Get the Asia Daily Take](https://bilby.ai/asia#asia-daily-take) · [Try Bilby](https://pulse.bilby.ai/sign-up)