2010/12/17

"Gas fields discovery to bolster HK supplies" from South China Morning Post

"Dominant offshore oil and gas producer China National Offshore Oil Corporation (CNOOC) has discovered several small gas fields near the Yacheng 13-1 gas field that has been supplying Hong Kong since 1997. Deputy chairman Yang Hua said yesterday after a shareholders' meeting that while the Yacheng field is expected to be depleted in a few years, CNOOC has agreed with Hong Kong power generator CLP Holdings to supplement gas from one of the small fields to the pipeline linking Hainan Island and Hong Kong."

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