Boston, MA -- (SBWIRE) -- 12/04/2014 -- With no domestic energy resources, Hong Kong will be required to meet growing oil and gas demand through imports alone. While Hong Kong can ostensibly fall back on China in order to fulfil its energy needs, there is some resistance to an overreliance on its parent state from both private and public entities. Still, as Hong Kong becomes increasingly politically intertwined with Beijing, so too will its energy policy, and the city-state is increasingly likely to turn to the mainland to achieve its goal of curbing its reliance on thermal energy over the coming years.

The main trends and developments we highlight for Hong Kong's oil and gas sector are:

- Hong Kong power utility CLP Holdings has urged the local government to boost the use of natural gas for electricity generation, rather than increasing power imports from China. The government's ongoing consultation on the subject focuses on two main options:
- The domestic-focussed option involves expanding the use of natural gas to provide 60% of the city's power by 2020, with the remaining power generation accounted for by nuclear power imported from Daya Bay (20% of total production) and thermal generation (also 20%).
- Another option involves importing 30% of the city-state's power needs from China Southern Power Grid, generating 50% locally (40% natural gas and 10% thermal),...

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