If you got a question, look no further.
We post the most common questions
in our FAQ section.
Please fill in the form below to receive a Free Sample of the Report.
BMI View: Plans for a LNG import terminal will pose upside risk to Hong
Kong's rising natural gas consumption. Increases in vehicle population and air
traffic will sustain the uptrend in Hong Kong's refined fuels demand, although
growth will remain stunted until 2016, due to a weaker economic outlook.
Latest Updates And Key Forecasts
-CLP Power's plan to build Hong Kong's first LNG import terminal will complement
the city's piped gas imports from mainland China, posing upside risks to our gas
consumption forecast for Hong Kong.
-The project will give the government flexibility to aggressively increase the
share of natural gas in the energy mix in an economical way and also allow for
-Offshore gas fields in the South China Sea - within the vicinity of Hainan
Island and Yacheng - will remain a key supply source for Hong Kong. This is due
to new gas discoveries and the option for producers to capitalise on existing
infrastructure - specifically the Yacheng pipeline - to transport their new
production to Hong Kong.
-We have maintained our moderate forecast for Hong Kong's refined fuels
consumption growth rate to average 3.3% per annum over the next 10 years. This
is largely premised on our economic outlook and growing efficiencies in the
transport sector. Risks to our refined products consumption outlook are
increasingly to the downside given our Country Risk team's increasingly
pessimistic outlook on economic growth in Hong Kong.
-Over the longer term, policies that encourage purchase of cleaner and more fuel
efficient vehicles will moderate the increase in refined fuel demand beyond
2020. For instance, the number of electric vehicles on the roads has grown
exponentially due to financial incentives and rapid deployment of charging