Newly released market study: Hong Kong Oil & Gas Report Q3 2015

From: Fast Market Research, Inc.
Published: Mon May 25 2015

With no domestic energy resources, Hong Kong will be required to meet growing oil and gas demand through imports alone. As a positive development for the market, the decline in crude and refined product prices and the weaker oil price environment over our forecast period will see Hong Kong's net oil import bill substantially reduced over the short and medium term. 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. Still, as Hong Kong becomes increasingly politically intertwined with Beijing, so too will its energy policy . T he ci ty-state is increasingly likely to turn to the mainland to achieve its goal of curbing its reliance on thermal energy over the coming years.

Full Report Details at

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. The government's ongoing consultation on the subject focuses on two main options:
* The domestic-focussed option involves expanding the use of natural gas to provide 60% of the city's power by 2020, with the remaining power generation accounted for by nuclear...

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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