Mayer Brown advises CLP Power on Hong Kong LNG project

first_imgIllustration purposes only (Image courtesy of MOL)Law firm Mayer Brown advised CLP Power Hong Kong on the Hong Kong offshore LNG terminal project, which involves the use of floating storage and regasification unit (FSRU) technology for the first time in Hong Kong. The FSRU will receive, store, and regasify LNG into two separate subsea gas pipelines to supply natural gas to Castle Peak Power Company and Hongkong Electric, generating power for Hong Kong residents, Mayer Brown said in its statement.Mayer Brown advised CLP Power Hong Kong Limited on the FSRU charter and regasification agreements and operation and maintenance services to be provided to the offshore LNG terminal with Mitsui OSK Lines (MOL), one of the world’s largest shipping operators.MOL will be responsible for providing the operations and maintenance services of the FSRU vessel and the offshore LNG terminal.The Hong Kong offshore LNG terminal project is part of the Hong Kong government’s strategy to have 50 percent of Hong Kong’s electricity generated from natural gas beginning in 2020.last_img

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