New Energy market report from Business Monitor International: "Hong Kong Oil & Gas Report Q3 2016"
[ClickPress, Tue May 10 2016] 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.
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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 supply diversification.
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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.
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 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.
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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