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在线翻译:
szdaily -> Business_Markets -> 
Shell close to inking HK’s first LNG import deal
    2018-03-16  08:53    Shenzhen Daily

ROYAL Dutch Shell is close to bagging a deal to supply Hong Kong with liquefied natural gas (LNG), beating out major competitors for the right to be the first firm to supply LNG to the city.

Shell has edged out companies such as Malaysia’s Petronas to supply LNG through a long-term contract to Hong Kong utility CLP Power, two sources familiar with the matter said.

Hong Kong is undertaking a massive shift to using more natural gas to fuel its electric power generation from coal, potentially creating a steady and lucrative demand source in the Asian LNG market.

Under the deal, Shell will supply about 1.2 million tons per annum (mtpa) of LNG for about 10 years starting after 2020, the sources said, declining to be named.

However, the supply agreement will be subject to a final investment decision (FID) for an offshore LNG import terminal that will include a floating storage and regasification unit (FSRU), one of the sources said.

It was not immediately clear if the deal was binding or a memorandum of understanding.

CLP and Petronas did not immediately reply to requests for comment. Shell declined to comment on the specific deal and said it “continuously seeks opportunities to grow and improve profitability.”

“This may include talking with third parties from time to time, any conversations are confidential,” a spokeswoman said.

As part of its commitment to the Paris Climate Change Agreement, Hong Kong is aiming to increase the use of natural gas in its total fuel mix for power generation to about 50 percent by 2020 from 22 percent as of 2012. (SD-Agencies)

 

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