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Hong Kong utility plans to start constructing LNG terminal this year

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LNG Industry,

According to Reuters, Hong Kong utility CLP Power is intending to start constructing Hong Kong’s first offshore LNG receiving terminal at the end of this year.

Richard Lancaster, chief executive, reportedly said at a media briefing: “We are still working on some final permits and approvals, but in the meantime we are getting on with the design works and gearing up for the awarding contract aspects.”

According to Reuters, the terminal was granted an environmental permit in October last year. Nonetheless, a final investment decision (FID) is yet to be taken.

Reuters reports that Hong Kong is planning to increase its natural gas usage by approximately 50% by next year (from 22% in 2012) as part of its transition in electric power generation from coal.

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LNG import news Offshore LNG news


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