Thursday, 21 February 2013

Hong Kong Oil and Gas Report Q2 2013

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Hong Kong Oil and Gas Report Q2 2013
Feb 20th 2013, 00:00

BMI View: With no domestic energy resources, Hong Kong faces the challenge of meeting growing oil andgas demand through imports alone. Having mainland China at its doorstep helps, as the outlook for HongKong is linked directly to that of its parent state.The main trends and developments we highlight for Hong Kong''s oil and gas sector are:? Natural gas is still viewed simply as a power generation fuel, but more will be consumed as gas-firedcapacity expands. Our forecasts are for gas consumption to rise from an estimated 3.9bcm in 2012 to4.5bcm in 2017 and to 5.4bcm by 2022.? The Shenzhen-Hong Kong gas pipeline was commissioned in December 2012 and is now fully

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