HK to Benefit from Imported LNG Project

Hong Kong is expected to buy one third of the mainland’s US$ 10 billion worth of imported liquefied natural gas (LNG) to satisfy its growing energy demand, Mark Qiu, chief financial officer of CNOOC, said recently. He added Hong Kong will buy 1 million tons of LNG a year from the mainland’s first LNG terminal in southern Guangdong Province to fuel the power plants and household consumption in the region.