Hong Kong Oil & Gas Report Q4 2014: New research report available at Fast Market Research

With no domestic energy resources, Hong Kong faces the challenge of meeting growing oil and gas demand through imports alone. While Hong Kong can ostensibly fall back on China in order to fulfil its energy needs, there is some resistance to an overreliance on its parent state from both private and public entities. Nevertheless, it is increasingly likely that Hong Kong will turn to the mainland as it looks to curb its own reliance on thermal energy over the coming years.

The main trends and developments we highlight for Hong Kong's oil and gas sector are:

* Hong Kong power utility CLP Holdings has urged the local government to boost the use of natural gas for electricity generation, rather than increasing power imports from China. Both options are being considered in a bid to cut emissions as part of a review of the fuel mix, which is heavily tilted towards coal. The city launched a three-month public consultation on the proposals in mid-March. Hong-Kong's coal-fired power generating units are expected to go offline from 2017.
* Natural gas is used primarily for power generation in Hong Kong, but gas-fired capacity should continue to grow through the medium term. Recent reports indicate that the Hong Kong government hopes to raise the proportion of gas-fired electricity to 50% by 2015. Our...

Full Report Details at
- http://www.fastmr.com/prod/861833_hong_kong_oil_gas_report_q4_2014.aspx?afid=301

The Hong Kong Oil & Gas Report has been researched at source and features Business Monitor International (BMI)'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.

Coverage

BMI Industry View

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