CHINA, HONG KONG, CHINA: Memorandum of Understanding between the National Energy Agency and Hong Kong Special Administrative Region on Supply of Natural Gas and Electricity to Hong Kong
According to the MoU, the Central People's Government (CPG) supports the China Guangdong Nuclear Power Holding Co Ltd. to renew its supply agreement with Hong Kong for a further term of 20 years. The quantity of electricity supply will be no less than the current level in principle. On the supply of natural gas, the CPG supports China National Offshore Oil Corporation's renewal of its supply agreement with Hong Kong for a further term of 20 years. Furthermore, it was agreed in principle that the feasibility of supplying natural gas to Hong Kong via the Second West-East Natural Gas Pipeline would be studied, and that the CPG would jointly build with Hong Kong an LNG terminal on the Mainland for supplying natural gas to Hong Kong. Detailed arrangements for supplying natural gas and electricity to Hong Kong, such as pricing and supply quantity, will be worked out on commercial principles between the relevant enterprises on both sides.