Towngas says it has long-term contracts for supply of feed stocks from non-Mideast nations
發佈日期: 2026-04-14 20:50
TVB News
The conflict in the Middle East has created a lot of uncertainties in the energy market.
Peter Wong Wai-yee, Managing Director of Towngas said in TVB's Straight Talk programme that the company has very long term contracts for the supply of feed stocks from countries outside of the Middle East.
He said: "What's happening is we can't do much on that. And we, in Hong Kong and China Gas, we always keep an eye monitoring the situation hour by hour as the day goes by. And luckily, Towngas when we manufacture Towngas, we need two feedstocks. One is naphtha, the other is natural gas. And luckily, both of these feedstocks come not from Middle East. Naphtha, we source naphtha from Malaysia, Indonesia, Singapore, etc."
"And natural gas is a long-term contract with a supplier in Australia. The contract was signed in the year 2006. 20 years ago. Exactly. It is 25 year long-term contract. And it is a take-or-pay contract. What does that mean? Take-or-pay means we have to buy a certain quantity of natural gas and the seller has to supply that quantity to us. It's confirmed. It's a contract for 25 years. And the price was basically determined in the year 2006."
