Law firm Mayer Brown has advised CLP Power Hong Kong with 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 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.
The FSRU will receive, store, and regasify LNG into two separate subsea gas pipelines to supply natural gas to Castle Peak Power Company Limited and Hongkong Electric Co., Ltd., generating power for Hong Kong residents.
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.
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