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CAPCO & HK Electric Sign Contract With Shell For Long-Term LNG Supply To Hong Kong

Gasoil News - Published on Tue, 25 Jun 2019

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Castle Peak Power Company Limited and The Hongkong Electric Co Ltd announced that an agreement has been entered into with Shell Eastern Trading Ltd, a subsidiary of Royal Dutch Shell, for long-term liquefied natural gas supply for the Hong Kong Offshore Liquefied Natural Gas Terminal. After completion of the project, Shell will supply LNG to both CAPCO and HK Electric from its worldwide LNG portfolio. With more than 50 years of experience in the industry, Shell is a leading independent producer and marketer of LNG with a globally diversified supply portfolio.

Mr TK Chiang MD of CLP Power said that "The Government has established new emissions and carbon reduction targets, among which include setting a new proportion for natural gas in the fuel mix for power generation. This fuel supply contract will enable us to access price-competitive natural gas and broaden our sources of natural gas, ensuring a reliable and stable fuel supply for Hong Kong. Throughout our procurement process, we received very positive responses from LNG suppliers worldwide, and the terms achieved in the agreement reflect the keen competition among suppliers at the time."

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Posted By : Mohan Sharma on Tue, 25 Jun 2019
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