HONG KONG -- Hong Kong's CLP Holdings has agreed to purchase natural gas from mainland-based energy giant CNOOC through a new pipeline that could start operating as early as 2018.
CNOOC will build a new 33km pipeline connecting its Wenchang gas field in the South China Sea to existing lines, to send gas to CLP's power plant in the New Territories in Hong Kong. The deal will keep costs down for the Hong Kong utility, since it will not have to build new infrastructure.