23 November 2012 08:31 [Source: ICIS news]
SINGAPORE (ICIS)--China National Offshore Oil Corp (CNOOC) is expected to resume gas supply to Macao Special Administrative Region (SAR) in early 2013 in view of rising production at its offshore gasfields, a company source said on Friday.
The company is planning to begin operations of a new gas well at South China Sea, thus boosting its gas supply, the source added.
CNOOC suspended gas supply to Macao from 1 June 2011 due to pipeline problems. Transmission capacity of the subsea pipeline remains low at the moment.
The supply halt had little impact because natural gas is primarily used to generate power in the SAR, where electricity is never a problem because it can get sufficient supply from China , industry sources said. .
Gas demand from Macao is likely to rise significantly as the local government has planned for household access to natural gas usage in 2013, said a source from Sinosky Energy (Holdings), a local gas distributor established by Sinopec and Macao Natural Gas.
CNOOC largely supplies natural gas produced by its offshore gasfields in the South China Sea to Macao through the Hengqin-Macao gas pipeline.
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