Power Assets and CLP plan for FSRU facility

Hong Kong plans to build facilities to import liquefied natural gas via a floating, storage and regasification unit to help the Chinese territory diversify from pipeline gas and coal for power generation.

Sources said the FSRU scheme is being hatched by two Hong Kong utilities — Power Assets Holdings and China Light & Power (CLP).

The proposed project will compete head-on with gas piped to the city for power generation from gas fields operated by China National Offshore Oil Corporation (CNOOC) in the South China Sea and gas supplies from PetroChina’s West-East pipeline grid.

Sources