Middle East Economic Survey


No 49



Hong Kongs China Gas Plans JV With OOC To Secure LNG Supply

Hong Kong gas company China Gas Holdings announced on 30 November it planned to establish a 50:50 joint venture with Oman Oil Company (OOC) to ensure LNG supplies to China and explore other investment opportunities in the Middle East. China Gas, whose shareholders include Sinopec and Indias GAIL, earlier said it had sold 7.45% of its shares to OOC for $32mn. China Gas...