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CLP Power has got an environmental permit for Hong Kong’s first offshore LNG receiving terminal. The Environmental Protection Department of the territory has considered the project as environmentally safe and has given a nod for its construction and operation. After the final approval from the government, the construction is expected to start from 2019. CLP Power is currently operating three power stations.
The Australian gas pipeline company APA has received a $9.8b takeover offer from a Hong Kong based conglomerate led by CK Infrastructure Holdings yesterday, with the Australian firm agreeing to open its books. APA, whose assets include some 15000 km long gas transmission pipelines and storage, with wind and solar farms across Australia, said that it was in shareholders’ interests to engage further.