BMI View: With no domestic energy resources, Hong Kong faces the challenge of meeting growing oil and gas demand through imports alone. Having mainland China at its doorstep helps, as the outlook for Hong Kong is linked directly to that of its parent state. The main trends and developments we highlight for Hong Kong’s oil and gas sector are: ? Natural gas is still viewed simply as a power generation fuel, but more will be consumed as gas-fired capacity expands. Our forecasts are for gas consumption to rise from a forecast 3.9bcm in 2014 to 4.5bcm in 2018 and to …
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