The company is reportedly negotiating with the China National Petroleum Corporation (CNPC), Sinopec and China National Offshore Oil Corporation (CNOOC) for securing future natural gas supply, according to company vice president Ron Billings, as cited by Thompson Financial.
ExxonMobil has a majority stake in the Castle Peak Power Company (CAPCO), which is in the process of establishing a liquid natural gas (LNG) terminal in Hong Kong.
The CAPCO project has been approved by the Hong Kong Environment Protection Department, Mr Billings revealed, as cited by the publication.
