"Hong Kong Oil & Gas Report Q2 2016" is now available at Fast Market Research

Hong Kong will remain entirely dependent on refined fuels imports. Increases in vehicle population and air traffic will sustain the uptrend in refined fuels demand, although growth will remain stunted until 2016 , due to weaker economic outlook. The city will become even more reliant on p iped natural gas from mainland China as gas-fired plants replace ageing coal power plants.

Latest Updates And Key Forecasts

Hong Kong's near-term demand for refined fuels will remain stunted due to a weaker economic outlook over 2014-2016. Increases in vehicle population and air traffic will sustain the uptrend in refined fuels demand.

Costlier vehicle financing, a cooling property market and the slowing Chinese economy pose downside risks to our forecast. These factors may dampen the demand for new vehicles and air travel, thereby weakening demand for refined fuels.

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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 infrastructure.

The city state will become even more reliant on piped natural gas from mainland China as gas-fired plants replace ageing coal power plants. The possibility that the share of natural gas in the fuel mix would increase to 60%, rather than 40%, poses upside risk to our forecast.

The Hong Kong Oil & Gas Report has been researched at source and features BMI Research's independent forecasts for Hong Kong including major indicators for oil, gas and LNG, covering all major indicators including reserves, production, consumption, refining capacity, prices, export volumes and values. The report includes full analysis of industry trends and prospects, national and multinational companies and changes in the regulatory environment.

BMI's Hong Kong Oil & Gas Report provides professionals, consultancies, government departments, regulatory bodies and researchers with independent forecasts and competitive intelligence on the Hong Kong oil and gas industry.

Key Benefits
Benchmark BMI's independent oil and gas industry forecasts for Hong Kong to test consensus views - a key input for successful budgeting and strategic business planning in the Hong Kong oil and gas market.
Target business opportunities and risks in the Hong Kong oil and gas sector through reviews of latest industry trends, regulatory changes and major deals, projects and investments in Hong Kong.
Assess the activities, strategy and market position of your competitors, partners and clients via our Company Profiles (inc. SWOTs, KPIs and latest activity) and Competitive Landscape Tables.

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