Boston, MA -- (SBWIRE) -- 02/09/2015 -- 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 ci ty-state is increasingly likely to turn to the mainland to achieve its goal of curbing its reliance on thermal energy over the coming years.

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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),...

The Hong Kong Oil & Gas Report has been researched at source and features Business Monitor International (BMI)'s independent forecasts for Hong Kong including major indicators for oil, gas and LNG, covering all major indicators including reserves, production, consumption, refining capacity, prices, export volumes and values. The report includes full analysis of industry trends and prospects, national and multinational companies and changes in the regulatory environment.

BMI's Hong Kong Oil & Gas Report provides professionals, consultancies, government departments, regulatory bodies and researchers with independent forecasts and competitive intelligence on the Hong Kong oil and gas industry.

Key Benefits

- Benchmark BMI's independent oil and gas industry forecasts for Hong Kong to test consensus views - a key input for successful budgeting and strategic business planning in the Hong Kong oil and gas market.

- Target business opportunities and risks in the Hong Kong oil and gas sector through reviews of latest industry trends, regulatory changes and major deals, projects and investments in Hong Kong.

- Assess the activities, strategy and market position of your competitors, partners and clients via our Company Profiles (inc. SWOTs, KPIs and latest activity) and Competitive Landscape Tables.

Coverage

BMI Industry View

Summary of BMI?s key forecasts and industry analysis, covering oil and gas reserves, supply, demand and refining, plus analysis of landmark company developments and key changes in the regulatory environment.

Industry SWOT Analysis

Analysis of the major Strengths, Weaknesses, Opportunities and Threats within the upstream and downstream sectors and within the broader political, economic and business environment.

BMI Industry Forecasts

Historic data series and forecasts to end-2024 for all key industry indicators, supported by explicit assumptions, plus analysis of key downside risks to the main forecast:

- Pricing: Oil price (USD/bbl, WTI, Brent, OPEC basket, Urals); oil products prices (unleaded gasoline, gasoil/diesel, jet/kerosene ? USD/bbl) at global hubs.

- Production, Consumption, Capacity & Reserves: Proven oil reserves (bn barrels), production, consumption, refinery capacity and throughputs (?000b/d); proven gas reserves (tcm), production and consumption (bcm) and fuels trade.

- Imports & Exports: Crude oil exports/imports (?000s b/d) and value of crude oil trade in USD. Fuels exports/imports (?000s b/d) and value of fuels trade in USD. Natural gas imports/exports (bcm), by pipeline and/or LNG, and value of natural gas trade.

BMIs Oil & Gas Risk Reward Index

BMIs Risk Reward Indices provide investors (independents, NOCs, IOCs, oil services companies) looking for opportunities in the region with a clear country-comparative assessment of the upstream and downstream market?s risks and potential rewards. Each of the country markets are scored using a sophisticated model that includes more than 40 industry, economic and demographic data points to provide indices of highest to lowest appeal to investors, with each position explained.

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