Macau Hopes to Ink Gas Supply Deal With Mainland

Macau’s Sinosky Energy (Holdings) Co Ltd, is planning to secure gas from the mainland by the end of this month.

“The government has always hoped for a stable gas supply to Macau, so we are following their requests and discussing a long-term contract with the upstream company,” Sinosky Energy deputy general manager Stella Bai told Macau Business Daily. The price had yet to be set but Sinosky intends on approaching the government to increase the price consumers pay, the newspaper said.

The contract would ensure a stable supply of gas from fields in the South China Sea for at least four years, Bai said.

Sinosky Energy is a joint venture between Macau Natural Gas Co Ltd and China Petroleum & Chemical Corp (Sinopec).